The National Association of Realtors late Tuesday put out an early read on the group’s quarterly HOME survey, due Dec. 18, in a last-ditch effort to influence tax legislation now before Congress. According to the survey, an overwhelming majority of homeowners would take advantage of the mortgage interest deduction and state and local property tax deductions if they were to purchase a new home, and a notable share said that the proposed changes to these tax incentives would affect their budget and desire to move in the future.
“Home ownership is an aspirational goal for millions of Americans, but getting there isn’t always easy. Middle-class families count on tax incentives like the mortgage interest deduction and the state and local tax deduction to make home ownership a more affordable prospect,” said NAR President Elizabeth Mendenhall, a sixth-generation Realtor®from Columbia, Missouri and CEO of RE/MAX Boone Realty. “Realtors® will continue to advocate for these and other important provisions as the tax reform debate continues.”
