NAR Gives Trump Tax Reform Plan a Thumbs-Down – NMP Skip to main content

NAR Gives Trump Tax Reform Plan a Thumbs-Down

May 22, 2017
Fannie Mae and Freddie Mac sold 7,140 Non-Performing Loans (NPLs) during the first half of this year

The tax reform plan outlined by the Trump Administration could raise taxes on many middle-income homeowners, according to a study commissioned by the National Association of Realtors (NAR) and prepared by PwC.
 
The study, titled, "Impact of Tax Reform Options on Owner-Occupied Housing," forecasted that while the majority of Americans would see a tax decrease under the outline of the tax reform proposal offered last month by the administration, homeowners with adjusted gross incomes between $50,000 and $200,000 could see their taxes increased by an average of $815. The study also estimated that the combined tax savings from claiming the mortgage interest deduction and real estate property tax deductions would plummet by 82 percent between the 2018 and 2027 period.
 
Furthermore, the report theorized that the tax reform proposal—which has yet to be finalized for presentation before Congress—would result in a home value loss by an average of more than 10 percent in the near term.
 
"Tax reform and lower rates are worthy goals, but only if we can achieve them in a fiscally responsible way," said NAR President William E. Brown. "Balancing tax reform on the backs of homeowners isn't an option."

 
About the author
Published
May 22, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026