Originally Posted by Rain Man
I'm not really sure how it relates to new construction versus the sale of existing homes. I have this inkling that homeowners got a big boost in their home value when the deduction was created, though. All of a sudden people could buy your home for a significantly lower monthly payment; that's got to have a payoff for you.
I have no idea when the deduction was created, though.
New construction prices have a very obvious effect on existing home prices.