How Will The Tax Plan Impact The Housing Market?

The video discusses the impact of recent tax cuts on home builders and homeowners, highlighting both benefits and limitations. It features insights from the chief economist of the National Association of Home Builders, who predicts a flattening of housing prices due to the tax plan. Additionally, James Stack, a money manager, expresses concerns about the housing market, noting red flags and a lack of widespread caution among other experts.

What is one benefit mentioned for homeowners due to the recent tax cuts?

• Increased mortgage deductions

• Lower tax rates

• Higher property tax deductions

• Reduced standard deduction

According to the chief economist, what is a predicted effect of the tax plan on housing prices?

• Prices will drop significantly

• Prices will flatten or rise slightly

• Prices will rise by 6-7%

• Prices will double

What is the expected impact on housing sales according to the economist?

• Sales will decline sharply

• Sales will stop growing

• Sales will remain stable

• Sales will grow rapidly

Who is James Stack in the context of the housing market discussion?

• A real estate agent

• A money manager

• A tax advisor

• A chief economist

What is James Stack's main concern about the housing market?

• The market is growing too fast

• The market is too stable

• There are red flags being ignored

• There are too many optimistic voices