Will the GOP tax bill deter some Americans from homebuying in 2018?

For many Americans, the sweeping changes to the US tax laws will make renting more attractive than buying a home in 2018. Raising the standard deduction can greatly impact a family’s breakeven point and their decision to buy or rent, according to recent analysis of the bill by the DC-based think tank Urban Institute. In its analysis of the bill’s impact on homebuying, Urban Institute ran the numbers using four income scenarios for the typical family of three  annual incomes ranged from $50,000 to $300,000 annually. Homes were valued at four times the annual household income, and families put down a 20 percent downpayment and took out a mortgage to cover the rest of the purchase.