The recent surge in home values could slow thanks to the freshly passed tax overhaul.
Sweeping tax legislation was signed into law by President Trump at the end of 2017, and experts said some of the changes, including a lower threshold on the mortgage interest deduction, a cap on the state and local deduction and a higher standard deduction, could be a drag on home appreciation.
“In a way, the federal government is extracting itself of its encouragement of home ownership,” said Jonathan Miller, president of real estate appraisal firm Miller Samuel.
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