New Tax Law

As a result of the changes made throughout the legislative process, [the] National Association of REALTORS (NAR) is now projecting slower growth in home prices of 1-3% in 2018 as low inventories continue to spur price gains. However, some local markets, particularly in high cost, higher tax areas, will likely see price declines as a result of the legislation’s new restrictions on mortgage interest and state and local taxes.

-From "The Tax Cuts and Jobs Act - What it Means for Homeowners and Real Estate Professionals"

Click here to read how The Tax Cuts and Jobs Act will affect current and prospective homeowners.

 

Also, here's The Washington Post's quick overview of how the law will affect homeowners, buyers and sellers.