Author: Matt Delaney

News

Nerfed Tax Deduction Sidestepped By Savvy Prospective Homebuyers

The tax law’s overhaul two years ago had some market observers believing it would splash cold water on the hot housing market by negating a unique perk of homeownership found in the Mortgage Interest Deduction. A New York Times story from August showed that wasn’t the case, with most markets nationwide continuing their steady growth in activity thanks to the increased standard deduction.