Source: MSN Money
- The Republican tax bill passed Congress on Wednesday, and President Donald Trump signed it into law on Friday.
- National home prices are expected to take a hit across the country.
- But certain housing markets might see a small boost, especially in rural areas in states including Alaska, Texas, New Mexico, and North and South Dakota.
The Republican tax bill passed Congress, and President Donald Trump signed it into law before Christmas. National home prices are expected to take a hit under tax reform. The impact is most severe for high-priced homes, especially in parts of the country where a greater number of people itemize their taxes. But, according to new data from Moody’s Analytics which analyzed housing prices in over 3,000 counties across the US, housing markets in some rural areas of the country might see a small boost. Below are the counties that are expected to see home prices rise by at least 1% between now and summer 2019, as a result of tax reform, according to Moody’s. They are located in Colorado, North and South Dakota, Texas, Alaska, Montana, and Nebraska. We also pulled median home prices, median rent prices, and median household incomes for many of these counties, based on recent Census data.