Million-dollar home values gain even as tax deductions shrink
The $1.5 trillion tax overhaul President Donald Trump signed in December capped mortgage-interest deductions on loans up to $750,000, down from the prior limit of $1 million. It also set a $10,000 maximum for state and local tax deductions, which were previously unlimited. Those provisions prompted one of the most powerful lobbying groups-the National Association of Realtors-to warn that home prices in some high-end markets would tank. So far though, those areas have proven to be resilient.
Homes are More Affordable in 44 out of 50 States
