Tax talk: What the new tax law means in home market

In real estate, we abide by the wisdom that all markets are local. That means that national housing trends — or even what’s happening across town — don’t necessarily dictate how the market in your neighborhood behaves. But that doesn’t mean lawmakers in Washington, D.C., don’t have the power to shake things up a little for individual homeowners, buyers and sellers here in Northern Colorado.

Such is the case with the recently enacted Tax Cuts and Jobs Act for 2018, which has reversed or revised some of the longstanding tax advantages related to owning residential real…