National Association of Realtors National Association of Realtors

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

toggle caption
Justin Sullivan/Getty Images

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

  • Download
  • <iframe src="https://www.npr.org/player/embed/573798749/575168316" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

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

toggle caption
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

toggle caption
David McNew/Getty Images