New tax law expected to slow rise of home values, creating winners and losers

The following article by Kathy Orton and Aaron Greg was posted on the Washington Post website December 29, 2017:

Credit: kconnors via morguefile.com

The steady increase in housing prices in many of the nation’s priciest markets, including the Washington region, is expected to slow in coming years, analysts say, as the Republican tax law begins to reshape a major part of the U.S. economy.

For generations, the tax code has subsidized homeownership, 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. Continue reading “New tax law expected to slow rise of home values, creating winners and losers”