New Tax Laws Affect High-End Housing Markets and HELOCs


The new tax bill that was passed by Congress in December 2017, celebrated as the Trump Administration’s first major legislative victory, will have inadvertent consequences for potential homebuyers looking to buy homes in high-end markets, and those with existing HELOCs. A decrease in home prices and caps on tax deductions, among other effects, will lower affordability in some high-tax states.

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Congress Passes GOP Tax Bill

us capitol building

After the Senate approved the final version of the bill early Wednesday morning, the House of Representatives passed the GOP tax bill for a second time this afternoon. The House had passed the bill on Tuesday, but a revote was ordered after the Senate parliamentarian ruled provisions in the Republican bill violated its Byrd Rule.

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