Update On The 2017 Tax Law And The Long Beach Island NJ Real Estate Market

Dated: 01/05/2018

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Update on the 2017 Tax Law and the Long Beach Island NJ Real Estate Market


 

Tax Law and LBI Real Estate Market Predictions

Long Beach Island Real Estate

With the new year upon us I have been inundated with questions and projections regarding the economy, interest rates and of course buying a home in the LBI real estate market. It is always hard to predict the future and this year is going to be even harder to predict because of a new variable — the 2017 tax law changes. As I have mentioned previously, the lowering of tax rates is likely to stimulate an already strong economy. This should be good news for jobs, retailers and more. The question remains how strong will the economy get and what will the effects be on interest rates, oil prices — and ultimately inflation. These factors and more will likely impact buying patterns of home shoppers in the LBI real estate market. We have already seen rates and oil prices creeping up in anticipation of the action. This far, we have seen little impact to the real estate market on Long Beach Island as buyer interest remains strong.


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