Pay your 2nd half property taxes this month for tax savings (Congress tax plan)

[daedalus]

I think my real estate commissions will drop in 2018 compared to 2017.

That statement might deserve its own thread for discussion.  Fewer sales/lower prices next year due to this tax plan?  If so, I'm in strong agreement.

 

[usctrojancpa]

I think my real estate commissions will drop in 2018 compared to 2017.

That statement might deserve its own thread for discussion.  Fewer sales/lower prices next year due to this tax plan?  If so, I'm in strong agreement.

Fewer sales, not lower prices...I feel that transaction volume will shrink as resale inventory continues to shrink.  For example, there are only 274 active real estate listings in Irvine right now.  We were over 300 at this time last year.  As long as the economy is doing well and the job market is strong, prices won't drop.  This lower inventory will keep pushing prices higher, think of resale inventory as a leading indicator for home prices.