MiamiRealEstateKing

A sweeping change to affect home ownership is being considered

In government, homeowner, Industry trends, IRS, NAR, new rules, real estate, tax credit, tax deductions, Tax Matters, Trends on September 17, 2010 at 12:33 pm

Value of homeownership under fire WASHINGTON – Sept. 17, 2010 – Some people blame the recession on real estate problems, and are even suggesting ways to devalue homeownership and encourage rentals.

One suggestion: Nix the federal IRS tax break on mortgage interest.

The National Association of Realtors® established a webpage that responds to negative attacks in the media. Background material is on realtor.org (http://go-to.realtor.org/r/18QPH7/FDBUK/JVSQE/OK1Q6/9IO4L/HQ/h).

In a webinar scheduled for Sept. 28 at 3 p.m. – Standing Up for Homeownership: Know the Facts – NAR Chief Economist Lawrence Yun and independent policy analyst Howard Glaser will explain what the media is saying, and try to separate the myths from the facts. The webinar will last one hour.

Reprinted by Permission: © 2010 Florida Realtors®

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