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

Dated: 11/17/2017

Views: 4

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.

Blog author image

Kelly Krogmann

I joined the Kim Barber Group in 2015 bringing to the team my experience in customer service, office management, marketing, technology and working with buyers. Having worked with various small busines....

Latest Blog Posts

Home Buyer Series :: Pre-Approval vs Pre-Qualification

Are you thinking of buying a home soon and don't know what the heck is the first step is? And every time you talk to a real estate agent they throw around lingo you have no idea what it means and

Read More

2019 Summer Real Estate Market Update

SUMMER OF 2019 IS OFFICIALLY HERE!What does that mean for the Loudoun County real estate market? Is it a sellers or buyers market?Watch the video below to learn about this years market and what

Read More

How Will The Rising Interest Rates Affect You?

If you are thinking about buying or selling it is very important to pay attention to the current interest rates and know how they are going to affect you! When interest rates go

Read More

2017 First Quarter - Post Election Market Update

Looking to buy or sell in Loudoun & Fairfax counties this spring? Interest rates have gone up since the election in November and this is putting pressure on buyer's budgets.

Read More