What Impact Will The New Tax Code Have On Home Values

Dated: 01/18/2018

Views: 42

Image title

What Impact Will the New Tax Code Have on Home Values?

   First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing

Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.

Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report.

Image title

As we can see, CoreLogic projects an increase in home values in 49 of 50 states, and Washington, DC (there was insufficient data for HI). Nationwide, they see home prices increasing by 4.2%.

How might the new tax code impact these numbers?

Recently, the National Association of Realtors (NAR) conducted their own analysis to determine the impact the new tax code may have on home values. NAR’s analysis:

“…estimated how home prices will change in the upcoming year for each state, considering the impact of the new tax law and the momentum of jobs and housing inventory.”

Here is a map based on NAR’s analysis:

Image title

Bottom Line

According to NAR, the new tax code will have an impact on home values across the country. However, the effect will be much less significant than what some originally thought.

Contributor
Charles R Juarez Jr


Blog author image

Charles Juarez

With my expertise in realty for both buying or selling a home in San Antonio, and surrounding areas. You have found the right resource for your real estate needs. Whether you are looking for a new hom....

Latest Blog Posts

Your CLUE Insurance Report Matters

Your CLUE Insurance Report MattersBy: Mariwyn EvansPublished: August 11, 2016Your CLUE insurance report keeps your homeowners insurance claims alive for seven years--and that could cost you on

Read More

2018 San Antonio Fiesta Schedule

www.fiesta-sa.org/wp-content/uploads/2018/03/2018-Fiesta-Schedule-of-Events.pdf    For some reason this link is not working. Please goto Fiesta-SA.org to down load this schedule.

Read More

Apr 16 2018 51568 3

Making an Offer  Written by SABORA REALTOR® can help you find your perfect home, but only you can decide how much you are willing to offer for it. The

Read More

Apr 16 2018 51568 2

Deciding What You Need & Want Written by SABOR Some suggestions to help you prepare for your search Make a list of your needs and wants. Do you need an

Read More