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US tax bill likely to slow down increase in home prices

The Republican tax legislation will scale back subsidies, trim deductions for mortgage interest and property tax

Residents queueing to pay tax in Virginia. Many people are pre-paying their 2018 property taxes in a bid to blunt the effects of the new GOP tax law's US$10,000 cap on deductions.


THE steady increase in housing prices in many of the nation's priciest markets, including the Washington region, is expected to slow in coming years, analysts say, as the Republican tax law begins to reshape a major part of the US economy....

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