Source: The Mercury News
Three out of four potential homebuyers responding to a recent online survey said the newly passed GOP tax overhaul will alter their plans to buy a home, according to a nationwide poll released Thursday, Dec. 21, by Realtor.com.
Nearly 30 percent said they plan to speed up their home purchase, with 31 percent saying they’ll postpone a purchase, the survey showed.
Twenty-six percent said they either will buy a less expensive home or buy in a different location.
Just 23 percent said the tax bill will not change their plans to buy a home.On the seller side, most said the tax bill won’t affect them.
Fifty-seven percent said the new tax law will have no impact on plans to sell their home.
Congress voted Wednesday, Dec. 20, to send the bill to President Donald Trump for his signature. The findings are based on a survey of 2,324 randomly selected respondents surveyed Monday and Tuesday.
Almost a fourth of those surveyed said they had planned to buy a home in the next year, while just over a fifth said they’re planning to sell their home in the next year.
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