Archive for mortgage interest deduction

The Truth Behind the Mortgage Interest Deduction

As the Senate and the House Ways and Means Committee continue to examine the current tax code in an effort to reform the nation’s tax laws, it’s the perfect time to review mortgage interest deduction (MID) and how it affects current or potential homeowners in Chicagoland. The home mortgage interest deduction allows taxpayers who own [Read More]

July 30, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago, Economy, Economy AOI, Education

Builders Storm Capitol Hill to Ensure Housing is a Main Concern

Housing and homeownership are top priorities for the National Association of Home Builders (NAHB). The NAHB wants to make sure this is a priority for Washington as well. Over 700 home builders made their way to Capitol Hill to make sure their voices were heard in regards to ensuring the housing market is a top-tier [Read More]

June 07, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News

New NAHB Website Focuses on Threats to Homeownership

The National Association of Home Builders (NAHB) has launched a new website to shine a light on threats to homeownership. The website, ProtectHomeownership.com, focuses on the many threats facing homeowners and the housing industry such as: The push to eliminate the mortgage interest deduction. Policies that would make mortgages and small business loans unaffordable and [Read More]

May 14, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Education, NAHB

Home Builders ask Congress for Certainty in Tax Code

The National Association of Home Builders (NAHB) called on Congress today with a earnest request: Simplify the tax code in order to help small businesses. Small businesses are the backbone of the economy by being the largest creator of jobs. The majority of the residential construction sector is made up of small businesses. These businesses [Read More]

April 19, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Economy, Featured, Mortgages, NAHB

Mortgage Interest Deduction Faces Opposition

Tax Day is April 17, and many Chicago real estate owners are counting on the mortgage interest deduction as a saving grace in these tough economic times. However, some policy makers are waging a war to eliminate the deduction citing it as a tax loophole and a reward for the rich to buy more homes [Read More]

April 16, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Mortgages, NAHB

Homeownership is Still the American Dream

Chicago Real Estate Forum attended a webinar today that revealed results of a survey regarding American voter opinions on homeownership and housing policy issues. The National Association of Home Builders enlisted the help of Public Opinion Strategies and Lake Research Partners to conduct a phone survey of 1,500 likely voters across the country from January [Read More]

January 11, 2012 | Author: Tracey | Comments: (0) | Categories: Economy, Featured, NAHB

Proposal To Reduce Mortgage Interest Deductions May Be Detrimental To Homeowners

With signs of a housing recovery slowly increasing, those in the Chicago real estate market should stay up-to-date with the latest news from the nation’s capital. In an effort to reduce the federal deficit, the government has proposed tax code changes to eliminate mortgage interest deductions and replace them with a 12 percent nonrefundable credit. [Read More]

February 24, 2011 | Author: admin | Comments: (1) | Categories: Chicago Real Estate News, Economy, Mortgages
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