Passing U.S. Tax Reform Bill Raises Concerns About Homeownership Says Realtors

According to a new nationwide consumer survey from realtor.com, the Tax Cuts and Jobs Act passed by Congress on Dec. 20th, 2017 is raising anxiety about owning a home, with a majority of respondents reporting that the tax bill makes them either "concerned" (36.2 percent) or "very concerned" (17.2 percent) about being a homeowner. In contrast, approximately a quarter of respondents said that the bill makes them feel "positive" (15.0 percent) or "very positive" (7.2 percent) about home ownership. Only 22.9 percent said that the tax bill would not change their plans to purchase, while 57.1 percent said that the bill would not change their plans to sell.