CoreLogic on New Tax Law: "No material house price effect so far"

From Frank Nothaft at CoreLogic: Tax Reform: Effect on Home Prices; No material price effect so far, though it is still early after reform The Tax Cuts and Jobs Act enacted in December was the largest change to the U.S. tax code in more than three decades. Tax reform has touched every person and industry. Let's examine how it affects housing decisions made by families. Overall, tax reform has lowered personal income taxes, not necessarily for each taxpayer but in the aggregate. An increase in after-tax income, at the margin, generally increases the amount of shelter consumed and the......(read more)

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