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What the Biden tax plans mean for the housing market

Housing Wire

I will focus here on the tax elements of the two proposals that would directly affect real estate markets. The real estate-related tax proposals fall into six main categories: The most significant “pay-for” in The American Jobs Plan (AJP) is an increase in the corporate tax rate from 21% to 28%.

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Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

It could be difficult for some folks to maintain profitability or even achieve profitability because there is some level of fixed costs to doing business, especially if home sales remain depressed and you have a situation where the commission rates come down,” Anthony Paolone, a real estate senior analyst at J.P. Morgan , said.

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