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Housing market could shift under new tax law

Housing market could shift under new tax law

Home prices in much of the country are now higher than at the height of the housing bubble. Yet today there is no bubble. Housing is on a solid foundation. In the bubble, prices became disconnected from household incomes. But in most places today, the typical family has the income needed to purchase the typically priced home at current mortgage rates. And generally it makes financial sense to own your home instead of renting it.

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