Sentences with phrase «with home prices depressed»

With home prices depressed, this is a great time to purchase a home, he believes.

Not exact matches

The proposed federal tax overhaul will reduce tax incentives for homeownership, potentially depressing the prices of Long Island homes with high property taxes and spurring demand for already - scarce lower - cost homes and rentals.

Although this more heavily impacts very expensive housing markets, combined with the loss of the SALT deduction, the tax bill would make home ownership significantly more expensive in numerous housing markets, creating a disincentive for buyers across a large range of prices, and potentially depressing housing prices.

A study by auditing and consulting firm PricewaterhouseCoopers this year found that reducing the number of taxpayers who claim the mortgage deduction — along with eliminating local tax write - offs and factoring in lower marginal tax rates — could lower the investment value of homes and depress prices by an average of 10.2 percent.

In the meantime, a continuing yawning supply imbalance, a weakening U.S. job market and tight lending conditions point to a prolonged period of housing market lethargy, with the risk of still lower home prices and construction, and relatively depressed sales volumes.»