Housing Tax Deductions and Single-Family Housing Demand
The effect of mortgage interest and local property tax deductions upon single-family housing demand in the U.S. is examined for the 1994-2003 period. A multi-equation model is developed to simulate the impacts from partial and complete elimination of the deductions. The results indicate that the deductions have moderate effects on housing demand. Complete elimination of the deductions could result in as much as a 12 percent decline in the annual number of single-family housing units that are purchased.
||Housing Tax Deductions and Single-Family Housing Demand
International Journal of Applied Economics (2006)
||Schmidt, James R; Ghosh Roy, A.; Anderson, John E
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|Schmidt, James R||Economics
|Anderson, John E||Economics