A lot of confusion remains about tax deductions for home equity loans under the new tax law. Learn more by clicking HERE. Source: https://www.irs.gov/newsroom/interest-on-home-equity-loans-often-still-deductible-under-new-law
CLICK HERE to view some very interesting home sales statistics for Chester and Delaware counties. You can also use this link to compare how our local Main Line market compares to other luxury home markets. A great perspective! Source: https://www.mansionglobal.com/luxury-market-lookup?loc_one=Delaware%2C+PA&loc_two=Chester%2C+PA&locale=
Home equity loans are no longer tax-deductible, under the Tax Cuts and Jobs Act of 2017. Read this Forbes article for more information. Source: Suburban Realtors Alliance and https://www.forbes.com/sites/nickclements/2017/12/28/borrowers-lose-home-equity-tax-deduction/#752dc3826cdf
With the new tax law in effect, the National Association of Realtors (NAR) has released estimates on how home prices will trend in 2018 for each state. NAR considered the following four factors as driving forces of the housing market in 2018: Current housing market conditions and momentum New tax law impact Interest rate effect Employment … More Tax Reform Impact & Home Price Outlook for 2018
CLICK HERE to see projections from National Association of Realtors for home price growth across the country in the coming year. In Pennsylvania, we expect moderate increases of 2-3%, consistent with other areas in the Northeast. Source: In Which States Do REALTORS® Expect Highest Home Price Growth in the Next 12 Months?