Federal Tax Cut Will Inject Nearly $40 Billion into the Housing Market

17May - by Editor - 0 - In STL.News



Federal Tax Cut Will Inject Nearly $40 Billion into the Housing Market

SEATTLE/ May 17, 2018 (STLRealEstate.News) — The Tax Cuts and Jobs Act enacted at the end of last year could result in tens of billions of dollars being reinvested into the housing market, according to the Zillow Housing Aspirations Report™[i]. This is despite the fact that legislation expressly limited a number of longstanding tax benefits for homeowners.

Zillow® estimates homeowners and renters will put $13.2 billion in tax savings directly into the American housing market in 2018 by using some of their tax cut to rent or buy larger homes[ii].

Continue reading Federal Tax Cut Will Inject Nearly $40 Billion into the Housing Market at STL.News.



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