At the same time, the Trump 2019 budget seeks increased defense spending and money to fund the partial construction of a southern border wall.
Article image credited to Olivier Douliery/Abaca Press/Getty Images
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A half dozen tax credits thought to be in danger of extinction were extended retroactively for the 2017 tax year, many of them boons for first-time homebuyers and homeowners facing foreclosure.
At least one economist predicted those domestic spending initiatives would offer limited benefits to the real estate industry and housing market.
“We are pleased that members of Congress were able to come together to extend short-term funding for the federal government,” said NAR president Mendenhall.
Will inventory remain low? Will tax reform redefine where people choose to live? Will it make more sense to rent or own? How does the market move forward from so many natural disasters?