It is widely accepted that rent amounts are a fundamental factor in determining the value of housing. A Redfin analysis found these buyers are leaving too-hot-to-touch markets like the Bay Area, Seattle, Boston and Southern California and buying in more reasonably priced neighborhoods near cities like Salt Lake City, Oklahoma City and Raleigh, N.C. That, in turn, is driving up home prices in those communities.
The best way to predict where a specific area’s real estate market and home value prices are going is to examine the past market (home value rates, number of sales per month, etc) as well as the specifics of the area: economy, employment opportunities, and attractions to outside visitors.
Instead, it focuses on sales and concludes that the tax law’s $10,000 cap on deductions of state and local taxes (SALT), its increase in the standard deduction and the $750,000 limit on the amount of mortgage …