Mortgage Interest Deduction Still Overwhelmingly Popular

Some rumblings have been made in Washington, D.C. which have questioned the desirability of eliminating the mortgage interest deduction for personal income tax. This position would be vehemently opposed by many groups the most vocal being the National Association of Home Builders and the National Association of REALTORS©. A survey commissioned by the NAHB recently determined that an overwhelming majority of citizens across a broad spectrum of onwerships interests and party affiliations support the current mortgage interest deduction. Almost 80% of all respondents said they supported the tax deductions which are a method of encouragement for homeownership. It’s very likely that this deduction will remain in place with such strong opposition to its elimination.

Stephen Woodall

REALTOR, GRI @ Long Realty Company

Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.