Redfin: Last year’s tax reform bill impacted fewer homebuyers than expected

Still, 14% said they lowered their price range and 13% are moving to a nearby city with lower taxes Over a year after the historic tax code overhaul that lowered the caps on tax deductions allowed for mortgage interest payments and state and local taxes, less than half of homebuyers (47%) say that tax reform has had an effect on. Read More

Redfin: Last year’s tax reform bill impacted fewer homebuyers than expected 47% of homebuyers say 2018’s tax reform bill has impacted their home search May 17, 2019

It’s been a year, and with tax filings for 2018 starting soon people are starting to wonder if the tax bill will impact them and the housing market. In today’s video, realtor.com’s chief economist Danielle Hale will break down what the tax bill changed and how it impacts housing and the economy.

Redfin Last years tax reform bill impacted fewer homebuyers than expected A year after implementing a tax reform bill that lowered caps on tax deductions permitted for mortgage payments and state and local taxes, Redfin reports that less than half of homebuyers say it impacted their home searches.

Tax reform, however, did have an impact on high-income homebuyers, according to the report. Redfin states that of the homebuyers earning $150,000 or more, 61% said the new tax law has impacted.

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This fall, I signed into law more than $30 billion in tax cuts for struggling businesses, extended an effective tax credit for homebuyers. this way for two reasons: so the impact would be felt over.

The headline number is mediocre — to a degree that was already expected. But the details appear worse than mediocre. of the homebuyers tax credit. That gain from homebuilding activity could be.

SEATTLE, May 17, 2019 /PRNewswire/ — (RDFN) – More than a year after the historic tax code overhaul, less than half of homebuyers (47%) say that tax reform has had an effect on their home.

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Redfin: Last year’s tax reform bill impacted fewer homebuyers than expected Posted on May 17, 2019 by admin in News A year after implementing a tax reform bill that lowered caps on tax deductions permitted for mortgage payments and state and local taxes, Redfin reports that less than half of homebuyers say it impacted their home searches.