What Effect Will The New Tax Code Have On Your Real Estate?

Dated: November 17 2017

Views: 34

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.

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

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:

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

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.

Latest Blog Posts

Price Your Home Appropriately

Here are three strategies to help you price your home correctly.Are you a homeowner who’s starting to think about selling your home? You’re probably wondering, “How should I price

Read More

4 Ways to Deliver Your Home to the Market

Here are the four ways to deliver your home to the real estate market.Are you thinking of selling your house and wondering whether you should do anything to improve it before putting it on the?

Read More

How to Maximize Your Home’s Value

Here are six tips to help you maximize your home’s value before you sell.Are you a homeowner who wants to maximize the value of your home? Do you want to walk away with the most money possible

Read More

3 Strategies on How to Buy and Sell Real Estate at the Same Time

Are you a homeowner who really wants to buy but isn’t sure how to sell your home and buy at the same time? There are two key things that you need to think about : 1. Is your home purchase

Read More