Homeowners Say Tax Reform Would Hurt Them

Homeowners Say Tax Reform Would Hurt Them

Image title

A majority of recently surveyed homeowners say that changing homeownership tax incentives would restrict their mobility and cause them financial strain, according to new data from the National Association of REALTORS®’ fourth-quarter Housing Opportunities and Market Experience survey.

Proposed tax bills currently in the House and Senate could “undercut the incentive of owning a home and would have a detrimental effect on many homeowners’ financial situation and future desire to move,” NAR states on a release about the survey’s findings.

The current House and Senate bill weaving its way through Congress differs in content, but includes a call to limit the mortgage interest deduction on new mortgages and eliminate it outright for second mortgages and new home equity lines of credit. The bill also contains potential implications for the capital gains exclusions on the sale of a principal residence and caps on property taxes.

To continue reading click here!


Kelly Brown Headshot
Author:
Phone: 763-416-1279
Dated: December 14th 2017
Views: 29
About Kelly: I absolutely LOVE the Real Estate business! I’ve been drawn to Real Estate for years – it combin...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Homeowners Say Tax Reform Would Hurt Them - A majority of recently surveyed
44 Of Retirees Still Have A Mortgage - Many retirees are worried if’
2 Ways To Create A GiftWrapping Station - Wrapping gifts can be one of the
FHA To Stop Insuring Mortgages With PACE Loans - Last year, the Department of

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Don Edam
3217L Galleria
Edina, MN
612-840-7638


Other Locations