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President Trump's "One Big Beautiful Bill" includes provisions boosting the housing market. Key changes restore mortgage insurance deductions, expand low-income housing tax credits, and increase state and local tax (SALT) deductions. The mortgage insurance deduction could lower taxes for some homeowners, while the low-income housing credit aims to create over a million affordable rental units. Increased SALT deductions, although temporary, may stimulate housing markets in high-tax states. These measures aim to address low housing inventory and affordability issues.

Prepared by Christopher Adams and reviewed by editorial team.