Did Tax Reform Raise the Cost of Owning a Home?

Sonia Gilbukh, Andrew Haughwout, Rebecca Landau and Joseph Tracy

No 20190417, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The 2018 slowdown in the housing market has been a subject of intense interest to the press and policymakers, including articles reporting a slowing in house price growth and a decline in home construction. Today we follow up on our colleagues' research on whether the Tax Cut and Jobs Act of 2017 (TCJA) has contributed to a slowdown in the housing market, looking closely at what price signals tell us about the trade-off between owning and renting.

Keywords: Housing; taxes; prices (search for similar items in EconPapers)
JEL-codes: R31 (search for similar items in EconPapers)
Date: 2019-04-17
New Economics Papers: this item is included in nep-ure
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