The passage of the new tax and spending legislation popularly dubbed the ‘Big Beautiful Bill’ signals an important turning point for the housing market. Signed into law recently by former President Donald Trump, this bill carries forward many of the foundational changes introduced in the 2017 Tax Cuts and Jobs Act, while introducing fresh provisions aimed at energizing America’s real estate landscape. For many potential homeowners, investors, and the industry at large, the bill’s nuanced changes could unlock fresh opportunities and bring new energy to a market that has long wrestled with affordability and supply challenges. At its core, the legislation acknowledges that housing is far more than a financial asset; it is a cornerstone of family security, community stability, and generational wealth. When Shannon McGahn, the National Association of Realtors’ chief advocacy officer, praised the bill as forming “the backbone of the real estate economy,” it was clear that the bill’s im...