'Big Beautiful Bill' Signed into Law, Impacting Housing Market Positively.

President Donald Trump signed the ‘One Big Beautiful Bill’ into law, benefiting the housing market with provisions on mortgage deductions and low-income housing. The bill restores tax deductions for mortgage insurance and expands the low-income housing tax credit for builders. It also increases the standard taxpayer deduction but limits other itemized deductions. The legislation will make Opportunity Zones permanent and increase the state and local taxes deduction before reverting to $10,000 in 2030. The bill also includes provisions to benefit high-income taxpayers in high local tax areas like New York and California.

Read more at Yahoo Finance: 3 Key Changes in The ‘Big Beautiful Bill’ That Could Affect Housing