GOP Tax Plan Impact on Southern California Housing Market

December 26, 2017

GOP tax plan has Americans concerned about becoming homeowners.

According to Bloomberg, Realtor.com has recently conducted a survey on the new tax bill, where more than a half of 2,300 participants said they were worried or even extremely concerned about buying a home now when the new tax bill has passed.

One of the main items of the recently passed tax overhaul are:

According to the analysis conducted by Irvine-based Attom Data Solutions, the property tax deduction will now be lower for almost 270,000 Southern California homeowners – this is one out of every 15, if the U.S. Moreover, the mortgage interest deduction also will be lowered for around 14,300 home buyers, or one out of every 9 purchasers. How did it affect Los Angeles and neighbor counties? Below are Analysis results:

Orange-County

Los Angeles

Riverside County

2 Comments

  • Im happy I now registered

    whoah this weblog is magnificent i really like reading
    your posts. Keep up the good work! You recognize, lots of people are looking around for this info, you
    can aid them greatly.

  • Im happy I finally registered

    My brother suggested I might like this website.
    He used to be entirely right. This post actually made
    my day. You can not imagine just how so much time I had spent for this info!

    Thank you!

Leave A Comment