Is NAR giving the mortgage tax break too much attention?

NAR should take steps to put considerable clout and resources behind initiatives that enable Americans to obtain homeownership
  • NAR should be pursuing aggressive action on innovative suggestions that address affordability, lack of inventory and how renters can become homeowners more quickly rather than chasing the MID that only affected 5.4 percent of home loans this year.

Last week, NAR’s Chief Economist, Laurence Yun and Ken Rosen, of the Rosen Consulting Group, made the case against the Trump tax plan that would max out the MID at $500,000. The underlying issues are affordability, consumers struggling to come up with down payments and a lack of inventory.