This has to be one of the most irresponsible pieces of propaganda ever distributed by a trade group who is supposed to be helping their members. Declaring that people will lose more than 10% of your home’s value is pure scare tactics, and it could cause a self-fulling prophecy:
NAR is OPPOSED to the tax reform legislation unveiled in the House on November 2. This bill is a direct threat to consumers, to homeowners and to our businesses. Not only will millions of homeowners not benefit from the proposal, many will get a tax increase. Additionally, homeowners could lose substantial equity from the more than 10% drop in home values likely to result if the bill is enacted.
Browse the map to find out the impact of this bill on home values in your district (it loads very slowly):