The Tax Cuts and Jobs Act of 2017 introduced new limits on mortgage interest deductions (lowered to $750,000 for new loans) and a $10,000 cap on state and local tax (SALT) deductions. Waiting allowed buyers to see how these changes affected their specific tax liability and local market demand.
Home prices rose roughly 6.3% nationally in 2017. By buying earlier, homeowners could capture this equity growth rather than paying a higher entry price later. should i buy a house now or wait until 2018
The benchmark 30-year fixed-rate mortgage averaged 3.99% at the end of 2017. The Tax Cuts and Jobs Act of 2017