Senate Tax Plan Would Make MID Feasible on Fewer Homes Than House Bill
Changes to the nation’s tax code as proposed by the U.S. House of Representatives and the Senate are set to impact current and would-be homeowners in a number of ways.
How Republicans and Democrats View Property Taxes
They diverge on fairness, with Republicans thinking property taxes are unfair to high-income households and Democrats thinking they’re unfair to low-income households.
Political Parties Agree on Value of Homeownership
Republicans are slightly more likely than Democrats to believe that homeownership is necessary to live the American Dream -- but metros with slower home value growth are more politically divided on that question.
Mortgage Rates Fall Following Tax Reform Bill
This week, with no major economic releases scheduled, unscheduled events—particularly any major announcements on tax reform progress—will likely dictate movement in the market.
How to Address Concerns About Foreign Home Buyers
At both the federal and local levels, there is more that policymakers could and should do to address legitimate domestic concerns about foreign home buyers, regardless of buyers’ nationalities. And there are already some promising efforts.
Taxing Foreign Home Buyers: What It Does and Doesn’t Do – Intended or Not
One proposed explanation for rapid housing cost growth in many of these cities is the notion that foreign home buyers are to blame. In response to this theory, a handful of global cities have enacted new taxes on foreign home buyers – notably Vancouver, Toronto, Singapore and Sydney. A number of U.S. communities are weighing similar proposals.
U.S. Stability Draws Foreign Buyers Leery of Uncertainty at Home
The primary drivers of foreign home buyers in the United States, in the near term, are expected to be economic and political factors in their countries of origin – and not necessarily the appeal of the United States’ domestic amenities.
Tax Reform Would Limit Ways Filers in High-Cost Markets Can Reduce Their Bill
The proposal to double the standard tax deduction is one piece of the Congressional Republicans’ tax plan that could put more money in middle-income Americans’ pockets.
Mortgage Rates Retreat from Four-Month Highs on Fiscal and Monetary Policy News
The prime 30-year fixed mortgage rate quoted on Zillow touched its highest level since mid-July last Wednesday.
Next Fed Chair to Shape Interest Rates at Critical Moment for Housing
The president’s nominee for the next Chair of the Federal Reserve will play a critical – if indirect – role in housing affordability through the end of this decade and maybe beyond.
