Defending the Mortgage Interest Deduction

As Congress looks at ways to avoid a “fiscal cliff,” those in the housing industry, including REALTORS®, are urging them to protect the Mortgage Interest Deduction (MID). “[Getting rid of it] would throw the housing sector into turmoil … and chill the market just as it is trying to recover,” Jerry Howard, CEO of the National Association of Home Builders, told CNN. Read the full story, “Fiscal battle over mortgage deduction,” at CNNMoney.

In other news:

Five Reasons Home Prices Have Been RisingWall Street Journal

Commercial loan delinquency hits three-year lowCrain’s Chicago Business

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

One thought on “Defending the Mortgage Interest Deduction

  1. As a Realtor, I am very weary of the selfish attitude that permeates our society. When are we going to stop looking to government for freebies and subsidies? There has to be shared sacrifice. Trim the MID to the primary residence. If you can afford two houses, you can afford to pay the freight.

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