How Tax Cut Will Affect US Housing Market: Zillow

A report released this week by Zillow, a real estate and rental marketplace, estimates that homeowners and renters will pump $13.2 billion in tax savings directly into the American housing market this year by using a portion of their tax cut to rent or buy a bigger house. Not only that, they will spend nearly twice as much on home renovations, Zillow said.

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Source: Think Advisor