Zillow: $40 Billion to Flood Into Housing Market, Even as Homeowner Incentives Limited

Americans’ earnings, generally, have gotten a lift on payday as a result of the Tax Cuts and Jobs Act. With cuts come more discretionary spending—and, although there are changes to homeowner incentives, almost $40 billion of it is going into the housing market, according to a new report by Zillow. “Despite new limits to two […]

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Prepaid Property Tax Debate Undecided

Just a few days shy from the 2018 tax deadline on April 17, and controversy surrounding the new tax law—the Tax Cuts and Jobs Act—is leaving multitudes of homeowners uncertain about whether they should claim their prepaid property tax deductions. The new law imposes a $10,000 cap on state and local tax write-offs (previously unlimited) […]

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Corporate Mobility and The Tax Cuts and Jobs Act: Study

In the run-up to (and since) the passage of the Tax Cuts and Jobs Act, analysts have considered the implications of the legislation in real estate. Now, experts are exploring its impact in relocation. According to a recent report by Weichert Workforce Mobility, 89 percent of corporate mobility professionals expect either more or the same […]

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IRS Clarifies Home Equity Loan Tax Deductions Under New Law

This year’s tax season is bringing to light taxpayer confusion surrounding The Tax Cuts and Jobs Act of 2017, which could impact homeowners in next year’s tax filing. The IRS is taking steps to clarify what the new provisions mean for the real estate industry and homeowners. One of the most misunderstood provisions in the […]

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Experts on Housing Less Optimistic as a Result of Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act is affecting the housing outlook, according to new research. Approximately two-fifths (41 percent) of experts in Zillow’s 2018 Q1 Home Price Expectations Survey have a less optimistic outlook as a result of the reform; 31 percent, however, are more positive. Twenty-eight percent have not amended their forecast at all. […]

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Homebuyers unfazed by possibility of rising mortgage rates: Redfin

Buyer demand has continued to remain high despite bustling home prices, low inventory and the recently passed tax reform. So what would drive down demand? According to Redfin’s latest survey, not much …

Taxes and home prices driving coastal homeowners inland: Redfin

A surge in migration from expensive, high-tax cities like San Francisco, New York and Los Angeles has benefited more affordable metros, such as Sacramento …

Affordable Housing and HELOC Deductibility Under New Tax Laws

The new tax bill passed by Congress in December 2017, celebrated as the Trump Administration’s first major legislative victory, will have inadvertent consequences for potential homebuyers looking to buy homes in high-end markets, and for those with a home equity line of credit (HELOC). A decrease in home prices and caps on tax deductions, among […]

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7 reasons Trump’s tax plan is good for real estate investors

Although the Trump tax plan, known as the “Tax Cuts and Jobs Act,” was promoted as a tax cut for the middle class, the major benefits go to corporations, entrepreneurs and real estate investors …

Pending home sales up by 0.5 percent in December

The National Association of Realtors (NAR) Pending Home Sales Index (PHSI), a forward-looking indicator that tracks home sales in which a contract is signed but the sale has not yet closed, increased 0.5 percent in the month of December to 110.1 from an upwardly revised 109.6 in November …