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Home Ownership Matters

Home Ownership Matters

It’s more important than ever to support responsible home ownership.

  • High down payment requirements being proposed by federal regulatory agencies as part of the upcoming rulemaking under the Dodd-Frank Wall Street Reform and Consumer Protection Act will unnecessarily burden homebuyers and significantly impede the economic and housing recovery.

  • “Owning a home offers myriad benefits throughout the year, but some of the financial advantages of home ownership are most apparent at tax time,” said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I.

  • Testifying before a Senate panel today, National Association of REALTORS® President Ron Phipps told members of Congress that sustainable home ownership must be the goal when considering future federal housing policies.

  • Throughout this month, consumers across the country can engage Realtors®, local officials, and their neighbors on an issue that literally hits close to home as the National Association of Realtors® kicks off a month-long Home Ownership Matters Bus Tour in cities across the nation.

  • A substantial majority of both home owners and current renters agree that owning a home is a smart decision over the long term, according to the results of an NAR survey conducted by Harris Interactive.

  • A substantial majority of both home owners and current renters agree that owning a home is a smart decision over the long term. That’s according to the results of a National Association of Realtors® survey of 3,793 adults conducted online by Harris Interactive.

  • Following the release of the Deficit Reduction Commission’s report,  which recommends scaling back the mortgage interest deduction, the National Association of Realtors® is warning Congress of the potentially devastating effects of such change on American families and the economy. As part of this effort, NAR placed an ad in several prominent Capitol Hill publications.

  • On Dec. 1, 2010, the bipartisan deficit-reduction commission, appointed by President Obama, released its final plan for cutting the U.S. deficit—which included suggestions to pare back the mortgage interest deduction. While 11 of the 18 commissioners voted to support the proposals in the report, the group fell short of the super majority needed to automatically send the recommendations...

  • NAR's Position on MID: Housing is the engine that drives this economy, and to even mention reducing the tax benefits of homeownership could endanger property values.