Tax reform had an effect on nearly half of homebuyers: Redfin

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 · While taxes have long been part of the equation of where to live, tax reform passed in late 2017 has further heightened this consideration for homebuyers. According to a Redfin.

President Trump’s tax reform package had an impact on nearly half of potential buyers searching for a new home, nine percentage points less than one year ago, according to a new Redfin survey. The tax code revision put in more of a limitation on mortgage interest and added a cap on property tax deductibility that was previously unlimited.

New tax law creates uncertainty for some homebuyers. Orange and Los Angeles counties had nearly 950 such sales in the year ending in November, according to CoreLogic.. “It’s going to.

President Trump’s tax reform package had an impact on nearly half of potential buyers searching for a new home, nine percentage points less than one year ago, according to a new Redfin survey. The tax code revision put in more of a limitation on mortgage interest and added a cap on property tax deductibility that [.]

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SEATTLE, May 17, 2019 /PRNewswire/ — (NASDAQ: RDFN) – More than a year after the historic tax code overhaul, less than half of homebuyers (47%) say that tax reform has had an effect on their home search, according to a March survey commissioned by Redfin (www.redfin.com), the technology-powered.

Tax reform had an effect on nearly half of homebuyers: Redfin President Trump’s tax reform package had an impact on nearly half of potential buyers searching for a new home, nine percentage points less than one year ago, according to a new Redfin survey.

The most common tax-reform effect reported by homebuyers this year was that they lowered their price range because of decreased tax benefits on high-priced homes (14%, down from 16% last year). 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 .

Mr Steinert, who said any reform should be. Stockland sells nearly three-quarters of its homes to first-home buyers and owner-occupiers and is less dependent on the investors who take advantage of.

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