Final Version of Tax Reform Is Still Detrimental for California Housing Markets

From the Pacific Union blog:
Republicans in Congress reconciled their different versions of the tax reform and offered their final version of the so-called Tax Cuts and Jobs Act today.  Congress will vote on the final version next week which is only slightly more favorable than the initial House of Representatives bill but still highly detrimental for most of California's coastal housing markets.  Read more of the relevant details at  http://bit.ly/2D6bLxJ .  For more information on this and all your real estate needs, call FRITZ.

First-Time and Bay Area Homebuyers Have Much to Lose From Proposed Tax Changes

From the Pacific Union blog:
Last week, the House Republicans released their much-anticipated tax reform proposal.  The plan proposes to cut the corporate tax rate to 20 percent from 35 percent and reorganize individual tax rates from seven brackets into four.  Taxes are a complicated subject and with any sweeping change such as the proposed reforms, the devil is in the details.  While the proposal promises to save an American family an average of $1,182 per year, some of the proposed changes could be devasting for current and future California homeowners. Read all the details.... http://bit.ly/2ASsZgO

New Tax-Reform Proposal Is Only a Sneak Preview

From the Pacific Union blog:
Pacific Union Chief Economist Selma Hepp offers her take on the potential impacts of the Trump administration's proposed tax changes and how they might affect homeowners and home buyers.
http://bit.ly/2qAYC8C .  For more information about how this might affect you, call FRITZ.