Image
Business

The Trump Tax Cuts Were Supposed to Depress Housing Prices. They Haven’t.

FILE -- Anslie Stokes, a realtor, inside a house in the Glover Park neighborhood of Washington, May 18, 2018. The Trump administration's tax cuts were supposed to lower housing prices, but nine months later, show little effect. “We haven’t seen buyers lower their price point” due to the tax law, Stokes said. “All buyers are aware of it, and they’re factoring it in. But they’re not changing what they want to do.” (Lexey Swall/The New York Times)