At The Stokes Group, we make every effort to constantly be on the forefront of market changes and predictions, so we can best serve our clients and give up-to-date advice.
Known for this expertise, The New York Times approached Anslie when they were working on a piece regarding the new tax law, and its impact on prospective buyers. The article states:
Last fall, as the tax overhaul package sped through Congress, Anslie Stokes started fielding questions from nervous home buyers, who were hearing warnings that the bill would crimp the government’s incentives for homeownership and upend housing markets.
Ms. Stokes, a Realtor who runs the Stokes Group at McEnearney Associates in the Washington, D.C., area, noticed at the time what she calls a “pause” in buyer activity. But soon after Mr. Trump signed the law in December, buying activity picked right back up again in the wealthy neighborhoods of the District of Columbia and the high-end suburbs of Maryland.
“We haven’t seen buyers lower their price point” as a result of the tax law, Ms. Stokes said. “All buyers are aware of it, and they’re factoring it in. But they’re not changing what they want to do.”
Here is a link to the full article: “The Trump Tax Cuts Were Supposed to Depress Housing Prices. They Haven’t.”
If you have any questions about the new tax law, SALT deductions, or the market in general, please contact us.
The Stokes Group is a team of dedicated professionals who have passion for the real estate business and will advocate for our clients with the utmost honesty, integrity, and confidentiality. We believe in building solid relationships with our clients and that starts by getting to know who we are. Follow us on Facebook and Instagram.
The Stokes Group is a team of dedicated professionals who have passion for the real estate business and will advocate for our clients with the utmost honesty, integrity, and confidentiality.