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14 August 2011 - 18:41, by , in House To House, No comments
Recent speculation over eliminating or reducing the mortgage interest deduction (MID) has caused widespread rumors and myths about the vital tax benefit for homeowners. The MID is not only crucial to the stability of the American housing market and the overall economy, but any changes to it could lower the homeownership rate in the U.S. As...
2 August 2011 - 18:35, by , in news, No comments
Any changes to the mortgage interest deduction now or in the future could threaten recent progress toward stabilizing the housing market, critically erode home prices and values, destroy middle-class wealth accumulation and hurt economic growth. That was the message delivered by National Association of Realtors® NAR Chief Economist Lawrence Yun during a recent Rethinking the...
1 July 2011 - 14:48, by , in news, No comments
Right now Congress is debating whether to reauthorize the National Flood Insurance Program (NFIP).  It expires on September 30th.  This is the tenth time in three years this program has been set to expire.  It’s time we stop the band-aid approach to flood insurance and give the program a long-term extension. For this reason we are...
12 June 2011 - 19:39, by , in House To House, No comments
Congress is discussing changes to the Federal Housing Administration that could have a significant impact on home buyers, sellers, and the future of the real estate market here in Arkansas.  Some of these proposed changes would raise the minimum down payment for FHA-insured mortgages to 5 percent, as well as allow FHA loan limits to...