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Scott Rasmussen's Number of the Day for April 5, 2019
The Number of the Day columns published on Ballotpedia reflect the views of the author.
April 5, 2019: In March, for the first time ever, the median asking price for a new home in the United States reached the $300,000 mark. That’s up 7% from the year before.[1]
Some of this may be driven by the new tax law, which raises taxes on wealthy homeowners in high-tax states. As they seek to avoid taxes, they are putting more expensive homes on the market but at lower prices.[2] Following passage of the tax plan, an earlier Number of the Day showed that luxury home prices in New York City have fallen an average of 10%.
This year, the most expensive market is in San Jose, California, where the median asking price for a home is $1.1 million. But that’s down 11% from the year before. “Overall, 114 of the 500 markets Realtor.com surveyed saw a drop in the median listing price.”[3]
While the tax law is hurting wealthy homeowners in expensive communities, prices are heading up in other locations. The biggest gains—a 43% increase—were found in Kokomo, Indiana, where the median asking price is only $122,000.
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology.
- April 4, 2019 – 43 percent of basketball fans expect Michigan State to win the March Madness tournament
- April 3, 2019 – 1,822,712,000,000 dollars spent by federal government in first five months of fiscal year 2019
- April 2, 2019 – 78 percent of voters want Congress to protect people with pre-existing conditions
- April 1, 2019 – 70 percent of Americans rate their own health insurance coverage as good or excellent
- March 29, 2019 – 76 percent of voters say a healthy political system requires leaders who respect voters
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Scott Rasmussen’s Number of the Day is published by Ballotpedia weekdays at 8:00 a.m. Eastern. Click here to check out the latest update.
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Columns published on Ballotpedia reflect the views of the author.
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See also
Footnotes
- ↑ Realtor.com, "Home Prices Have Reached Record Highs—Despite the Housing Slowdown," April 4, 2019
- ↑ MarketWatch, "Democratic-leaning states say they’re feeling the pain from the new tax law," March 26, 2019
- ↑ USA Today, "As pricey homes hit market, median list price for a house reaches record $300,000," April 4, 2019
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