Industry News

Altering mortgage interest deduction could drop home prices by 15%

NAR president calls tax reform proposals 'startling'
Published on Oct 28, 2005

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by CareyBot

Home prices, particularly in high-cost areas, could decline 15 percent if President Bush’s tax reform panel’s expected recommendation to convert the mortgage interest deduction (MID) to a tax credit gets implemented, said Al Mansell, president of the National Association of ...