Realtor®
Group Serves New City Homeowner Interests
The sun rises in the east and, almost
as dependably, someone in Congress comes up with the bright idea of chipping
away at the mortgage interest rate deduction. Think of all that money
Washington could spend! Realtor®
Group Serves New City Homeowner Interests
The National Association of Realtors® is one of the main reasons that
idea doesn’t get much traction – nor many of the other threats to the
traditional benefits New City homeowners enjoy. The reason homeowners (even
those without mortgages) shudder at attacks on the interest rate deduction is
that the result would be to abruptly X-out a great chunk of the home-buying
public. That includes most young couples and many other groups, including many
retirees who are currently just squeaking by. Home values would necessarily
drop; jobs in the new home-building industry, dry up. The disruption of the
real estate market (the largest part of the national economy) would spread
mayhem through many other sectors. If the damage were widespread enough, total
tax revenues might even drop! Realtor®
Group Serves New City Homeowner Interests
Every year, the National Association of
Realtors funnels local members’ dues into providing a strong bulwark against
the forces that threaten homeowners. The NAR spends over $40 million annually
on campaigning and marketing public service messages about the benefits of
homeownership.
During the recent world financial debacle, they countered the
doom-and-gloom headlines. The underlying good news never changed: owning a home
is still one of the most attainable ways average Americans can build long-term
wealth. Facts:
·
Over the past half century, median home
values have increased by an average of more than 57% every 10 years
·
Home
prices typically beat inflation by one or two percentage points
·
Housing
sales in 2012 were the best in five years
·
Realtor® Group Serves New City
Homeowner Interests
·
When you have owned your home for
only a year or two, you may still be waiting to confirm all that
wealth-building potential the National Association of Realtors is always
championing. Nevertheless -- for New
City homeowners who have 10 years or more under their belts – the
equity they are likely to have accumulated is at least partly due to the
efforts of the NAR.
We all know that real estate is a
supremely local thing. But sometimes it’s nice to know that REALTORS in New City are doing their part
to look out for us all at the national level.
Realtor® Group
Serves New City Homeowner Interests
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