Property News · January 1, 2018

US home price increases in expensive markets to slow as tax bill reshapes economy, analysts say


The steady increase in housing prices in many of the nation’s priciest markets is expected to slow in coming years, analysts say, as the Republican tax law begins to reshape a major part of the US economy.
For generations, the tax code has subsidised home ownership, particularly for people in the upper-middle-class and beyond. The Republican tax legislation, however, pushed in the opposite direction, scaling back subsidies once thought untouchable.
To pay for other tax cuts benefiting…

Source : South China Morning Post
Read more…US home price increases in expensive markets to slow as tax bill reshapes economy, analysts say

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