Welcome to the UtahsBestRE.com Blog

2018-01-18 10:11:09
What Impact Will the New Tax Code Have on Home Values?

What Impact Will the New Tax Code Have on Home Values?

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 Archive
2018-02-12 12:43:18
Beware of Scams and Other Internet Fraud

2018-02-09 13:01:05
Where Are Mortgage Interest Rates Headed in 2018?

2018-01-18 10:11:09
What Impact Will the New Tax Code Have on Home Values?

2018-01-08 11:40:47
What Should I Do To Get Approved For An FHA Loan?

2017-12-29 16:22:56
Top 4 REAL Reasons We Buy a Home

2017-12-05 13:37:09
Why Is There So Much Paperwork Required to Get a Mortgage?

2017-11-20 12:07:27
What is an Interest-Only Mortgage? -Zillow

2017-11-14 10:57:03
7 Reasons to List Your Home This Holiday Season

2017-10-25 13:52:39
How Do I Decide If I Will Make Money Renting Out My House?

2017-10-18 15:22:36
Thinking of Selling? You Should Do It TODAY!!

2017-10-09 12:10:36
Can I Get a VA Loan With Bad Credit?

2017-10-05 10:26:06
Should I Buy a Home Now? Or Wait Until Next Year?

2017-09-25 11:41:17
How can you get a mortgage with a poor credit score?

2017-09-08 12:04:55
How to Get the Most Money When Selling Your Home

2017-08-29 12:53:34
Do I Have To Show 'Proof of Funds' as a Cash Buyer?

2017-08-24 13:33:56
Study: FSBOs Don’t Save Real Estate Commission

2017-08-15 14:53:02
My House Stinks, HELP!

2017-08-01 11:19:03
Be Careful Not to Get Caught in The Rental Trap!

2017-07-26 12:47:53
Can I Put In A Low Ball Offer?

2017-07-14 10:45:41
Home Buying Myths Slayed!

2017-07-05 14:09:47
First time home buyer, how do I apply for FHA?

2017-06-14 15:40:15
The Impact Your Interest Rate Makes

2017-05-30 13:03:34
5% Down With No PMI?

2017-05-16 14:47:50
Do You Know the Cost of NOT Owning Your Home?

2017-05-03 09:39:31
What is Mortgage Insurance?

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.