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About Chris Salviati

Chris is a housing economist at Apartment List, where he conducts research on economic trends in the housing market. Chris previously worked as a research assistant at the Federal Reserve and an economic consultant, and he has BA and MA degrees in economics from Boston University.

Bum Deal for Left-Leaning States? The Impact of the New Trump Tax Bill on Homeowners

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  UNDER EMBARGO UNTIL THURSDAY 2/22/18 AT 6AM EST The recently passed Tax Cuts and Jobs Act of 2017 makes significant changes to longstanding tax benefits for homeowners: (1) the cap on the mortgage interest deduction has been reduced from $1 million to $750,000; (2) deductions for state and local taxes, including property taxes, have been capped at $10,000; and (3) standard deductions have been doubled, such that fewer homeowners will itemize their tax filings. The new legislation hits homeowners hardest in the expensive coastal markets across California and throughout the Northeast. A homeowner with a median-priced home

Apartment List National Rent Report

Methodology Note: Apartment List is committed to making our rent estimates the best and most accurate available, and as part of our efforts toward that goal, we've recently made some changes to our methodology. Data from private listing sites, including our own, tend to skew towards luxury apartments, introducing sample bias.   In order to address these limitations, our estimates now start with reliable median rent statistics from the Census Bureau, which we then extrapolate forward to the current month using a growth rate calculated from our listing data. In calculating that growth rate, we use a same-unit analysis similar to Case-Shiller’s approach, comparing

February 2018 Rent Report

UNDER EMBARGO UNTIL THURSDAY 2/1/2018 AT 6:00AM EST Methodology Note: Apartment List is committed to making our rent estimates the best and most accurate available, and as part of our efforts toward that goal, we've recently made some changes to our methodology. Data from private listing sites, including our own, tend to skew towards luxury apartments, introducing sample bias.   In order to address these limitations, our estimates now start with reliable median rent statistics from the Census Bureau, which we then extrapolate forward to the current month using a growth rate calculated from our listing data. In calculating that growth rate, we use

Student Debt and Millennial Homeownership

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Since 1980, the real median family income has grown by 25 percent, while the median home price has grown by 60 percent, and the average cost of undergraduate tuition has jumped by 160 percent. Results from the Apartment List Renter Survey indicate that recent college graduates with no student debt have, on average, $10,370 in savings for a down payment and expect $3,570 more in down payment assistance from their families, while recent college grads with student debt have less than half that combined amount, and millennials without a college degree less than one-fourth. Homeownership is a distant

January 2018 Rent Report

Methodology Note: Apartment List is committed to making our rent estimates the best and most accurate available, and as part of our efforts toward that goal, we've recently made some changes to our methodology. Data from private listing sites, including our own, tend to skew towards luxury apartments, introducing sample bias.   In order to address these limitations, our estimates now start with reliable median rent statistics from the Census Bureau, which we then extrapolate forward to the current month using a growth rate calculated from our listing data. In calculating that growth rate, we use a same-unit analysis similar to Case-Shiller’s approach, comparing