New Tax Law And California Property Values
Homeowners in California may be impacted
Lawrence Yun, National Association of Realtors speaks on how new tax law will impact high markets such as California. Mortgage Rates could rise because of larger budget deficit and will pull back some of the home buying potential. However, Young Adults (Millennials) who have been living with their parents they will soon start their own household and that will be a demand for housing. Demand Side remains solid, but Home Builders have not been back to the historical normal of 1.5 million housing starts.
How the new tax law could affect your property value: NAR chief economist from CNBC.
About the Author: nilinathan
Senior Mortgage BrokerSubscribe
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