A new report from the New York Federal Reserve sheds a little light on a question that’s been hanging over the American real estate market: Has the massive tax overhaul adopted by Congress in late 2017 had any effect on whether consumers want to buy or sell homes?
The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding.
The National Association of Realtors (NAR) published a Tax Cuts and Jobs Act explainer for its members. It outlines the mostly negative, but also positive impacts the plan is expected to have on members and their clients. The explainer also highlights changes the NAR successfully lobbied for.
