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.

    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.

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    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

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