Nearly 60 Of Experts Unconcerned About New Tax Laws Effects On Home Values Says Report

Dated: 04/13/2018

Views: 480

There's been a lot of talk about the new tax laws and how they're going to affect home values over time. But while the news has been taking a mostly pessimistic angle, it seems like most experts are unconcerned about home values declining over time. According to the most recent Home Price Expectation Survey (HPES) from Zillow and Pulsenomics, which surveys 100 of the country's top economists, housing market analysts, and real estate experts, here's what was revealed: Fifty-nine percent of panelists said the Tax Cuts and Jobs Act (which was put into law in December 2017 and changes the way homeowners claim deductions on their taxes) either gave them a more optimistic outlook on the five-year forecast for home values in the US, or didn't change their outlook at all.

The Takeaway

If you've heard that tax reform could have a negative impact on home values, it seems there isn't much to worry about—at least according to the majority of experts.

Blog author image

Brad Bergamini

The Bergamini Group is a dedicated team of agents and staff with one thing in mind "YOU". We believe in serving our clients by doing the job they hire us to do and doing it right. You can trust o....

Want to Advertise on this Site?

Latest Blog Posts

Subdivision Of The Month

Prescott, Arizona is mile high in elevation, approximately(5280 feet or 1609.3 meters) above sea level, and is a gorgeous Northern Arizona city known for its Hometown vibe and wonderful

Read More

Happy Arbor Day

Arbor Day is an annual observance that celebrates the role of trees in our lives and promotes tree planting and care. As a formal holiday, it was first observed in 1872, in Nebraska, but tree

Read More

Nearly 60 Of Experts Unconcerned About New Tax Laws Effects On Home Values Says Report

There's been a lot of talk about the new tax laws and how they're going to affect home values over time. But while the news has been taking a mostly pessimistic angle, it seems like most experts

Read More