Tax reform had an effect on nearly half of homebuyers: Redfin

Tax reform had an effect on nearly half of homebuyers: Redfin President Trump’s tax reform package had an impact on nearly half of potential buyers searching for a new home, nine percentage points less than one year ago, according to a new Redfin survey.

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SEATTLE, May 17, 2019 /PRNewswire/ — (RDFN) – More than a year after the historic tax code overhaul, less than half of homebuyers (47%) say that tax reform has had an effect on their home.

High-income homebuyers were the most likely to report in this year’s survey that tax reform has had some sort of effect on their home search. Of those homebuyers earning $150,000 or more, 61 percent said that the new tax law had an effect on their home search, which was true for less than half of households earning under $150,000.

A year after implementing a tax reform bill that lowered caps on tax deductions permitted for mortgage payments and state and local taxes, Redfin reports that less than half of homebuyers say it.

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High-income homebuyers were the most likely to report in this year’s survey that tax reform has had some sort of effect on their home search. Of those homebuyers earning $150,000 or more, 61 percent said that the new tax law had an effect on their home search, which was true for less than half of households earning under $150,000.

Monday Morning Cup of Coffee takes a look at news coming across the HousingWire weekend desk, with more coverage to come on bigger issues. Tax reform. first-time homebuyer tax credit." However,

SEATTLE, May 17, 2019 /PRNewswire/ — (NASDAQ: RDFN) – More than a year after the historic tax code overhaul, less than half of homebuyers (47%) say that tax reform has had an effect on their home search, according to a March survey commissioned by Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s down from 56 percent last year, when tax reform’s effects were still mostly speculative and not yet realized in people’s paychecks.

On tax reform, Republicans have a real opportunity to win their appreciation and perhaps their votes. Nearly half of millennials say the American. from a first-time homebuyers’ credit to mortgage.

Investors’ group supports Lehman settlement offer on RMBS

Understand the New Tax Law: Video 2 (Individuals and Families) Redfin Survey: Less than Half of Homebuyers Said Tax Reform. – SEATTLE, May 17, 2019 /PRNewswire/ — (NASDAQ: RDFN) – More than a year after the historic tax code overhaul, less than half of homebuyers (47%) say that tax reform has had an effect on their home.