Homeownership & 2018 Tax Changes

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Here's a chart published by the California Association of Realtors comparing the new 2018 tax laws to 2017. Though we are not sure how it will affect the market, it may make a difference toward the low end of the market due to the lowered mortgage interest deduction. In our Bay Area market a home purchase is the largest transaction most people enter into, yet most of our buyers are financially stable where the changes will not substantially affect them. And as you know “nice” houses ALWAYS sell despite market affects. Always check with your tax professional before making any decisions or changes to your tax profile.

Next Level East Bay Real Estate Representation!
Patty Rogers, Broker Associate BRE#00669968, The Grubb Co. Realtors.
Doing business by referral. 

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