Economic Updates Archive

Tax Reform Impact and Home Price Outlook

While the new tax law is already in effect, here we estimate how home prices will trend in 2018 for each state. The new tax law reduces the limit on deductible mortgage debt and limits the deductibility of the...

Metro Areas Most Affected by the New Tax Law

Based on the new tax law, there is no change for capital gains on the sale of a home and deductibility of interest paid for a second home[1]. However, the new law[2] affects the deductibility of mortgage interest and...

Third Quarter Winners

Stronger demand amidst lagging inventory levels caused home prices to continue accelerating in most  metropolitan areas. Among 177 metropolitan areas, 92% of them experienced an increase of home prices in the third quarter of 2017. We compared the local...

How Many Home Sales Will be Affected by a NFIP Lapse?

The National Flood Insurance Program (NFIP) must be periodically reauthorized by Congress in order to continue issuing or renewing flood insurance policies.  In 2010, multiple lapses in program authority brought uncertainty and caused major issues for homeowners in neighborhoods...

Which Counties Will be Most Affected by the Tax Reform?

While the House and the Senate have passed their tax reform bills, they now have to figure out how to reconcile their differences. Once they conclude the final bill, both chambers will have to pass it again before it...