Mortgage Interest Deduction Archive

The Road to Becoming a REALTOR®

With so many new entrants into the real estate field in 2015, our research analysts pondered where they all came from. We saw in a previous article An Influx of Young Members to the REALTOR® Family that NAR membership...

Inflation and the Mortgage Interest Deduction (MID)

Did You Know: The mortgage interest deduction (MID) was capped at $1 million in 1987 and not pegged to inflation. If it had been indexed, the MID cap would be over $2 million today. In 1987, following tax reform...

Margaret Thatcher on Mortgage Interest Deduction

Margaret Thatcher had many wonderful, short and powerful quips including the oft-said: “Socialism works … until the money runs out.” The Soviet Union and the whole of Eastern Europe disintegrated precisely as the money ran out.  The promised pensions never...

Understanding Figures Reported on the MID

According to the most recent public data from the IRS, there were about 144 million[1] US tax filers in 2010.  In the same year, the US resident population was 309 million[2] and the number of households was estimated to...

Seven Out of Ten Renters Say Owning a Home is a Top Priority

This is a guest blog post by Lora McCray, NAR’s Manager of Housing Opportunity. Last month the NAR’s Housing Opportunity program released the findings from its 2011 Housing Pulse Survey, which is an annual survey we conduct to gain...
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August 31, 2011