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

Dated: 02/06/2018

Views: 602


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.

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:

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.  

If you're interested in purchasing or selling a home you can start by Contacting Us directly or start searching for your new home here

 Anthem, Desert HillsNew RiverPhoenixMesa,

 ScottsdaleTempeGlendale or Surprise.

Blog author image

David and Donna Patterson

Your Partner in Real Estate I am the Designated Broker at Quantum of Arizona, REALTORS. My wife Donna and I started the company in 2009 and have been growing ever since. You know people don't talk ....

Latest Blog Posts

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

Read More

Things to Do February 2018

 Buckeye Air FairCelebrating more than 50 years of aviation with a vintage aircraft museum on the field, vendors, exhibits, and a science and technology expo. Free admission. February 3

Read More

Things To Do January 2018

BEYOND THE BRICKSHead down to Hayden Square Amphitheater every Thursday for Live Music, Beer + Wine, and Food from Downtown Tempe Eateries. Bring a blanket and get ready to listen to some tunes or

Read More

Things To Do In Phoenix December 2017

LIGHTS OF THE WORLDNov. 16, 2017 - Jan. 2, 2018 While there is a Christmas zone, this isn’t just about Christmas. This huge festival of lanterns and lights celebrates regions and cultures of

Read More