Mortgage Interest and Real Estate Tax Deduction Facts

In recent weeks, many proposals, suggesting a variety of changes to the tax system, have been discussed. The estimates below are for the complete elimination of these two tax benefits at current marginal tax rates, one of the most...

Net Worth: Home Owners vs. Renters

In the past 12 years, the net worth of the typical home owner has ranged between 31 and 46 times that of the net worth of the typical renter. Home owner equity is a substantial component of home owner...

Annual Rent Increases Make Home Ownership a Good Investment

• According to the Consumer Price Index, tracked by the Bureau of Labor and Statistics (BLS), prices for the rent of a primary residence have increased at an average rate of a little more than 3 percent per year for...

Home Ownership Matters: Home Ownership and Parenting

The impact of home ownership on children has been documented in numerous academic studies, many of which have found that home ownership has a wide range of positive effects. The positive outcomes include: better health; fewer behavioral problems; greater...

Home Ownership and Taxes: The Home Buyer/Home Owner Perspective

In two other commentaries, we looked at two federal income tax benefits for home owners at a macro level: the mortgage interest deduction and the state and local property taxes deduction. In this commentary, we’ll examine these two together from the...