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

New Home Sales at a 40 year low!
Home equity is essential to the economic recovery of our nation because…
Real Estate Outlook for 2011 and 2012
Recent Homebuyers are successful!
Mortgage Interest Deduction was not the source of the bubble.
Job Recovery? What is it’s impact on economic and housing recovery?
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
www.KathrynGorham.com
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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