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

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

Another prevalent way tax reform has been affecting the housing market is in the form of migration to places with lower taxes, a trend we’ve noted in reports on Redfin.com user search patterns for more than a year. According to the homebuyer survey, this effect is now slightly less significant than last year’s survey findings suggested.

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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.

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

A late-2017 Redfin-commissioned survey of more than 4,000 people who bought or sold a home last year, attempted to do so, or planned to do so soon revealed the following key findings related to the housing market and the economy: Only 6% of homebuyers said they would cancel their plans if mortgage rates surpassed 5%.

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How the New Tax Reform Bill will Affect Homeowners Redfin: Last year’s tax reform bill impacted fewer homebuyers than expected housingwire.com 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.

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