How Trump's tax reform could impact homeownership -- and home prices

The National Association of Realtors expands on its "reform isn't great for homeowners" position
  • An analysis by NAR and PwC shows that non-homeowners would see tax decreases, while most homeowners would see increases.
  • NAR and PwC estimate that increasing the cost of owning a home and the opportunity cost of home equity will lead to 10-percent home price reductions in the short term.

When President Donald Trump released his tax reform plan in April, everyone was scrambling to figure out if it was good, bad or neutral. It’s not an easy question to parse — we all have different household configurations with different incomes and living situations, so trying to figure out who’s spending more and less requires understanding a variety of influences and factors and bringing them all together.