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

Existing-home sales fall to three-year low, miss estimates Homebuilders Fall to 10-Month Low on Sales Data, Earnings Miss (michael flippo/dreamstime). blame that on disappointing economic data and earnings reports that trailed estimates.. That added to pessimism that appeared Tuesday when data showed existing home sales dropped for the third month.

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. The tax code revision put in more of a limitation on mortgage interest and added a cap on property tax deductibility that [.]

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Redfin Report: Migration to Low-Tax Metros is Accelerating as More People Looked to Leave Expensive Coastal Areas in the Second Quarter Taxes are three-times lower in the top-10 migration.

14:50 ET Subscribe to our weekly e-newsletter, Top News. Studies see minimal tax reform impact on prices, buyers. Much has been made of the impact of tax reform on the housing market since two New York Fed economists concluded that the Trump tax bill had outsized negative consequences.

More than a year after the tax code overhaul, less than half of homebuyers (47 percent) say that tax reform has had an effect on their home search, according to a March survey commissioned by Redfin of more than 2,000 U.S. residents who planned to buy or sell a primary residence in the next 12 months.

Freddie Mac trims 2019 origination estimate but could rethink the move Monitoring key national housing and economic indicators – like those from Fannie Mae, Freddie Mac and the Mortgage Bankers Association (MBA) – is important in identifying potential economic changes and mortgage market trends. One such change is the forecast of total home sales.

 · Asked how the tax reform law had affected their plans to buy a home, a lower price range was the most common response because of decreased benefits on high-priced homes (14%, down from 16% last year).

Special Counsel Robert Mueller makes rare public statement on 2016 election, live stream Many economists have been proved wrong when they predicted that the current economic crisis would have a negligible effect on China, but with figures released by the Chinese government, shows that.

Mortgage refinance booms are a thing of the past: MBA chief economist Eric Weisbrot  · Mortgage applications drop 1.2% on highest rates since June.. the MBA’s chief economist. "Additionally, new data show continued positive signals regarding the job.

Home sales were down almost 8 percent in January. in November and December given the uncertainty around tax reform," Redfin senior economist Taylor Marr said.. it would have no effect.

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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 (, the technology-powered real estate brokerage.

These offered a low 2-year teaser interest rate that reset later to a much higher lever that many home buyers couldn’t afford. But remember that tax reform means that corporate earnings will be.