The mortgage interest deduction was considered the keystone to the American Dream of home ownership. It was a tax break that was viewed as untouchable because it would lower home values. However, Trump’s federal tax overhaul did undermine the deduction, but prices and transaction volume did not decline to the degree many analysts expected.
A home seller in Plainfield, Illinois put it this way when asked if the changed deduction was adversely affecting the sale of his home, “From the perspective of selling and trying to buy, I don’t see any evidence of that”.