The real-estate industry is preparing for tax overhauls that would allow states to collect more tax revenue from homes.
Here are five things to know about the proposed changes:What does the proposal mean for the real estate market?
The Trump administration has said that the plan would boost the country’s economy by $1.6 trillion, or 4.6 percent, and bring more tax money into the Treasury coffers.
But critics of the plan say it would leave the economy in a weak position and hurt the economy as a whole.
The proposal would leave a lot of loopholes in the tax code that would make it easier for big companies and wealthy people to avoid paying their fair share of taxes.
Will it raise revenue?
Most economists and economists say the tax plan would likely not increase the economy by much.
The plan would have to be offset by spending cuts, which would mean less money for the government, according to the Tax Policy Center.
But economists also say that the proposal would help the economy, and that it would be a step in the right direction.
How would it affect the housing market?
Many of the changes outlined in the plan could hurt home prices.
The real market, in particular, would suffer.
A house with a mortgage could fall in value.
Many Americans would lose their jobs and could be pushed out of the housing sector.
There is also some doubt that the tax cuts would actually increase the value of homes.
The tax plan says that homeownership would be taxed at a flat rate.
But experts say the rate is likely to fall.
How about the tax breaks?
The plan would allow some people to deduct up to $5,000 from their taxes, though the plan doesn’t mention this tax break.
The amount of this deduction is capped at $11,400 for couples filing jointly, $22,000 for individuals and $50,000 and above for couples.
Some tax experts say that this deduction could be a problem for some people.
They argue that it is not clear that the amount of deductions that are available is going to be enough to offset the tax burden for most Americans.
What would happen if more people are able to claim this tax deduction?
Would the amount that people pay in taxes actually increase?
If so, that could be good news for homebuyers and sellers, but not necessarily for the economy.
A lot of people would benefit from this tax credit.
But it’s hard to say how many people would actually benefit.
How many people could benefit?
It would be hard to calculate the impact of this tax relief for people, but a survey conducted by the Joint Committee on Taxation, which is run by the nonpartisan Tax Policy Forum, found that a large share of the tax relief would go to the wealthy.
The most wealthy would get $1,250 in tax credits.
This would make the wealthiest taxpayers the largest beneficiaries of the legislation.
However, the most generous households could be the poorest people.
How about the middle class?
How much would this change the cost of housing?
There is some evidence that this tax breaks could lower the cost and cost of buying a home.
The Tax Policy Council estimates that the cost per square foot of new homes would fall between 4 and 8 percent, according a report by the Urban Institute.
The Tax Foundation says that a house in a wealthy neighborhood with an average home price of $2 million would cost about $20,000 less than the same house in the middle of the country.
However, the nonpartisan Joint Committee, which tracks federal tax policy, said that this number may be optimistic.
They said that a 10 percent decline in the cost is more than enough to shift the cost to middle-income families.
How will this affect real estate?
Real estate analysts and real estate agents say that a lot would change if the tax bill passes.
A lot of property owners would be able to sell their homes.
But, that’s only for homes worth less than $1 million.
Also, there would be more incentives for homeowners to sell to higher-income buyers, but that could make some people reluctant to do so.
How big of a problem would the tax changes make?
House prices have been declining for years, so it would not be surprising if the cost would be higher in some areas.
If the tax increases made it more difficult for people to buy, it could cause prices to fall in some places.
For example, in the San Francisco Bay Area, home prices have fallen for decades.
However the market has also seen a big surge in prices in recent years.
In fact, a report from the Brookings Institution said that there was a 25 percent increase in the number of houses sold in 2016 compared to the same year in 2015.
Households would likely be able make more money if the legislation passes.
That could increase the number who could buy houses and lower the price of a home, according the Brookings report. However