The New Tax Plan: When It Comes To Real Estate, Who Wins And Who Loses? - Part 3 of 5

First-time buyers: Mostly unaffected depending on price point

Those who are just buying a new home or who recently have may not feel any pain if their home price is under $750,000 - the cap for the home mortgage interest deduction on the new tax bill.

"The vast majority of new homeowners won't be affected, as the median home price is nowhere near $750,0000," said Realtor.com. "The median list price is $270,000 nationally. Additionally, "Existing homeowners will be grandfathered into the previous deduction limit. So the new cut is expected to affect only about 1.3% of new mortgages. These are likely to be awarded to the wealthiest homeowners, who can at least theoretically afford the cuts, and those living in the most expensive parts of the country."