Will the New Tax Changes Affect My Property Value?

By
Real Estate Agent with KW Elite

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.

The projected Appreciation Rate easily out paces all other traditional investments ! Now is the time to consider additional real estate investments .Email mikeperrykw@gmail.com To learn more about owning Rental Properties .

 
 
Posted by

 

Michael J. Perry

KELLER WILLIAMS Elite

www.lancaster4sale.com  

 

1280 Plaza Blvd. , Lancaster, PA 17601

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Longtime West Lampeter resident and Lancaster County Realtor!

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Re-Blogged 1 time:

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Topic:
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Location:
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Groups:
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Tags:
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Rainmaker
3,055,915
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

This is great information to share with Buyers and Sellers with an interest in this real estate market - a must read!

 

Jan 18, 2018 05:43 AM #1
Rainmaker
1,416,706
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Good morning Michael J. Perry .  There seems to be a significant difference when the new tax code is taken into account.  It's all speculation, of course.

Jan 18, 2018 06:39 AM #2
Rainmaker
336,224
Karen Rice Madison AL Realtor
Keller Williams Realty Madison - Madison, AL
256-348-1527 Call/Text

I'm glad to see our respective stomping grounds "in the blue".  It will be interesting to see how the new tax laws affect house prices 2018.

Jan 18, 2018 10:24 AM #3
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Michael.  I guess I better be prepared for more damn Yankees migrating down here.  

Jan 19, 2018 04:19 AM #4
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Rainmaker
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Michael J. Perry

Lancaster, PA Relo Specialist
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