REY’S REAL ESTATE RECOMMENDATION
By Rey Post, Associate Broker, Sotheby’s International Realty
& Host of the “All Things Real Estate” Radio Show
December 17, 2017
U.S. House and Senate members of a combined Conference Committee have just passed a revised version of the tax reform legislation they have been considering for a few weeks. Next week, it is likely that Congress will pass this measure and then send it to the President for signing into law.
There are many elements of this legislation that impact current and future homeowners, which—as National Association of Realtors President Elizabeth Meddenhall states—poses problems for homeowners and the broader housing market. There are some elements to the bill that will benefit some homeowners and communities, including capital gains on the sale of a home, as well as keeping some mortgage interest and state and local tax deductions.
To understand how this legislation—which will most likely become law—impacts you as a homeowner, here is a link to an article in the Washington Post that helps explain provisions of the measure:
Learn more about this topic and also pick up additional news by joining us each Sunday on the “All Things Real Estate” radio show (12-2pm Mountain Time) on Santa Fe’s 1260 KTRC-AM, or via streaming at the “Listen Now” link at ATREradio.com.