Survey: Most Say Tax Law Will Change Their Plans to Buy a Home #investment #realestate #finance

Source:  The Mercury News

Three out of four potential home-buyers responding to a recent online survey said the newly passed GOP tax overhaul will alter their plans to buy a home, according to a poll 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 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.

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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