MID Archive

New Lawmakers Mean New Challenges on Home Ownership

School’s coming to members of Congress over the next two days as thousands of REALTORS® meet with lawmakers to provide a refresher course on how critical the federal government’s historic support for home ownership is to the country’s future....
May 15, 2013

Budget Plans: Any Impact on Real Estate?

Tax provisions are once again under discussion as lawmakers look at dueling budget plans The federal budget process for next year began last week with release by the Senate and House budget committees of their fiscal 2014 plans. The...
March 18, 2013

Fiscal Cliff: What’s at Stake for Real Estate

The “fiscal cliff” has quickly become a commonly used term, but exactly what it means isn’t all that clear, especially for real estate. At it’s most basic level, it refers to sweeping tax cuts enacted a decade ago that...
December 11, 2012

Consumers, Economists See MID Differently

There are academics and there are consumers, and on the topic of whether the mortgage interest deduction should be modified as the federal government looks for ways to shrink its budget deficit, the opinions couldn’t be more divergent. Consumers...
December 11, 2012

Obama: Don’t Take Away MID for Middle Class

Commentators, bloggers, and the Twitterverse have been abuzz with praise for the rousing speeches coming out of the Democratic National Convention in Charlotte, N.C., this week, culminating Thursday night with President Barack Obama accepting his party’s nomination. But now...
September 7, 2012

MID Platform Win Shows Impact of Activism

If you ever wondered whether getting involved in political activities is worth your time, consider the impact your real estate colleagues Shirley Wiseman and April Newland, among others, have just had on an issue that impacts more than 70...
August 23, 2012

Republican Platform Support for MID a Win for Home Owners

Republicans writing their party platform for their upcoming 2012 convention in Tampa next week inserted language specifying their support for the mortgage interest deduction. As described in a piece in the Wall Street Journal today, the language says that,...
August 22, 2012

Budget Again Includes Unpopular Curb on MID, Other Deductions

The value of the mortgage interest deduction (MID) and other itemized deductions for wealthier households would be trimmed in the fiscal 2013 budget proposal President Barack Obama released yesterday, but as in the previous three years, the proposal is...
February 14, 2012

No Deal from Super Committee: What Next?

By Robert Freedman, senior editor, REALTOR® Magazine The first thing to note about the congressional super committee’s failure to agree to deficit cuts is that MID is spared for the time-being. Among the deals the members of the deficit-cutting...
November 23, 2011

Liftoff in Albuquerque!

By Erica Christoffer, Multimedia Web Producer, REALTOR® Magazine This week, I’m riding along with the Home Ownership Matters Bus Tour as it begins the southwestern leg of its journey across the United States. In case you haven’t heard about...
October 18, 2011