As you hopefully know by now, President Obama's Deficit Reduction Commission has recommended sweeping changes to the Mortgage Interest Deduction which would either reduce the total amount of deduction allowed or eliminate it altogether.
The impact of such actions could be catastrophic for the real estate market. Already, news reports saying that Congress is threatening to repeal or limit the MID has kept potential buyers on the sidelines and further delayed the housing recovery.
As a result, the National Association of REALTORS® will be launching a second all-member call for action on Wednesday, December 8th.
If you were unable to participate in the first call for action, please do so immediately using the following link: http://www.realtoractioncenter.com/realtor-party/click-to-call-mid.html
It is critically important that REALTORS® share their concerns about changes to the MID with their US Representatives and Senators.
Thank you in advance for your participation in this important call for action!
David McGowan
Director of Regulatory Affairs
dmcgowan@ncrealtors.org
The impact of such actions could be catastrophic for the real estate market. Already, news reports saying that Congress is threatening to repeal or limit the MID has kept potential buyers on the sidelines and further delayed the housing recovery.
As a result, the National Association of REALTORS® will be launching a second all-member call for action on Wednesday, December 8th.
If you were unable to participate in the first call for action, please do so immediately using the following link: http://www.realtoractioncenter.com/realtor-party/click-to-call-mid.html
It is critically important that REALTORS® share their concerns about changes to the MID with their US Representatives and Senators.
Thank you in advance for your participation in this important call for action!
David McGowan
Director of Regulatory Affairs
dmcgowan@ncrealtors.org
