Mortgage Interest Deduction was not the source of the bubble! How do I know?

Mortgage Interest Deduction was not the source of the bubble! How do I know?

September 11, 2011 Lawrence Yun addressed the North Carolina Realtors at The Greenbriar in WV saying that congress has a super committee studying the Mortgage Interest Deduction and their findings will be out around Thanksgiving.

He goes on to say, “mortgage interest deduction”was not the source of the housing market bubble. How do I know that? Well it’s been in place for a 100 years. How can you say that something that has been in place for 100 years has caused a bubble in only the recent 10 years?”

As a home owner and a realtor I can only hope Congress is wise enough to continue with the credit. Homeownership fuels our economy in so many ways that our goal is to strengthen not weaken the housing market.

See my other blog posts with Lawrence Yun videos from the North Carolina Real Estate Convention at the Greenbrier 2011

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Mortgage Interest Deduction was not the source of the bubble.
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Improving factors for higher home sales
Speaking of interest rates. How low can you go?
Smart money is always one step ahead and they are…
The moral of the story is…
How to increase home sales by 20% right now!
Unemployment claims as a bell weather factor in recovery

Kathryn Gorham | Sun-Surf Realty | Emerald Isle North Carolina
2010 President Women’s Council of REALTORS® Crystal Coast Chapter
2010 Carteret County REALTOR® of the Year
252.646.4656 cell · 252.354.2958 office

Southern Outer Banks NC | Crystal Coast NC | Coastal Carolina


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Copyright © 2011 by Kathryn Gorham, All Rights Reserved. Permission granted to re-blog or re-print with the stipulations that you do not alter the original content and that you provide a link back to this article in the re-blog or re-print. First printed at this article…Mortgage Interest Deduction was not the source of the bubble! How do I know?