The Unveiled Tax Reform Legislation and Its Negative Impact on Housing Prices
NAR is OPPOSED to the tax reform legislation unveiled in the House on November 2. This bill is a direct threat to consumers, to homeowners and to our businesses. Not only will millions of homeowners not benefit from the proposal, many will get a tax increase. Additionally, homeowners could lose substantial equity from the more than 10% drop in home values likely to result if the bill is enacted.
Browse the map to find out the impact of this bill on home values in your district.