Studies show slowdown in home sales but no net price declines as a result of the tax bill that passed in December 2017. [From 2017: New tax law expected to slow rise of home values, creating winners and losers]The law’s potential effects on real estate have been controversial since before the legislation was enacted. In the weeks leading up to the overhaul, housing and realty groups lobbying Congress warned of damage not only to sales but to property values. So what does seem to be happening in real estate that can be linked to the tax changes? In the process, they may be creating “greater demand in the high end of lower-cost real estate markets,” Fleming says.

Source: Washington Post April 24, 2019 10:30 UTC