| Author | Message | ||
     Saarang Pilla Bewarse Username: Saarang Post Number: 758 Registered: 04-2015 Posted From: 97.113.83.221 Rating: N/A |
National Association of Realtors galla pulihora avochu...but it may have a small impact And despite studies that have indicated that the mortgage interest deduction might not be good tax policy, it's been good for the real estate market. Without it, the NAR anticipates that housing prices will fall by at least 10% across the board. The organization recently released a report breaking out on a state-by-state basis how the proposed tax reform efforts might hurt home values. Their findings? The NAR estimates that home values would fall in every state. The report included some additional surprises. While it's typically been talked up that taxpayers in high tax states like California would be adversely impacted by the tax reform bill, the NAR found that the proposal would adversely affect homebuyers more in states like Georgia and Minnesota. According to the NAR, homeowners in New Jersey, Connecticut, Illinois, New Hampshire, Maryland, Rhode Island, Virginia, Wisconsin, Georgia, Minnesota, New York, Ohio, Pennsylvania, and Texas (in order of sharpest decline with New Jersey most impacted) would see the sharpest dives. Estimated drops range from 10% on the low end to 21% at the high end. https://www.forbes.com/sites/kellyphillipserb/2017/12/01/rea ltors-predict-tax-bill-will-cause-housing-prices-to-drop-in- every-state/#7e85bf8930fb |