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NAR: Tax reform proposal would dramatically alter housing landscape

Feb 28, 2014

The comprehensive tax reform discussion draft that House Ways & Means Committee Chairman Dave Camp, R-Mich., released February 26 envisions a very different picture for homeowners than what’s in place today, according to an article published by REALTOR Magazine online. NAR President Steve Brown outlined  REALTOR concerns about the proposal in a statement.

“Proposed limits on the mortgage interest deduction and capital gains, and the repeal of deductions for state and local property taxes ... will impact every single American, either directly or indirectly,” Brown said.

Click here to read details about the proposed tax reform plan and the potential effect of the envisioned changes.

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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.