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Tax bill could deplete home values, inventory

Homeowners in New York, New Jersey, California and Connecticut are closely watching what the Republican tax overhaul will do to their home values. The National Association of Realtors predicts that changes to property taxes, mortgage interest and deductions to state and local taxes will lower home values and decrease already struggling inventory levels across the country, Bloomberg reported. A proposed change to the capital-gains tax on sales would possibly encourage homeowners to keep their properties […]

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