Realtors®, Home Builders Oppose GOP Tax Plan as an Attack on Homeownership

img_0100Both the National Association of Realtors® (NAR) and the National Association of Home Builders (NAHB) announced their opposition to the Republican tax reform legislation unveiled in the House last week.

NAR said the bill is a direct threat to consumers, to homeowners and to the housing industry.  Not only will millions of homeowners not benefit from the proposal, many will get a tax increase. Additionally, homeowners could lose substantial equity from the more than 10% drop in home values likely to result if the bill is enacted. Continue reading