Trump's tax reform is contributing to the housing-market slowdown, New York Fed finds

Melia Robinson/Business Insider

President Donald Trump’s tax cuts passed in 2017 appear to be partly behind the slowing housing market. The new law increased after-tax home-ownership costs and reduced incentives to own homes, through measures such as a cap on the amount of mortgage debt on which interest is deductible. While the tax overhaul came at the same time as higher borrowing costs, the New York Fed said the recent slowdown was more severe than

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