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The new tax law will have the biggest impact on the market for luxury homes such as this one in the Pacific Heights neighborhood of San Francisco. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images

Tax Changes Could Hurt Affordability At High End Of The Housing Market

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Federal Reserve Chairman Ben Bernanke during his Capitol Hill testimony Wednesday before the Joint Economic Committee. Alex Wong/Getty Images hide caption

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Alex Wong/Getty Images

A "sold" sign outside a home in Pasadena, Calif., in September 2009. New data show fewer such sales that year. David McNew/Getty Images hide caption

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David McNew/Getty Images