Home ownership Matters - House Logic

Home Ownership matters…to people, to communities, and to America. Why?

• Every additional 1,000 home sales this year over last year create 500 new private-sector jobs in the U.S.

• Every home sale touches 80 occupations. America needs jobs, and a strong housing market can provide them.

• Each purchase generates as much as $60,000 in economic activity.

The home ownership debate

Some who care about creating jobs also argue that home ownership
 may be overrated, and that we might be better off as a nation of renters—including some in the Obama Administration and Congress.
If that’s of concern to you, follow the debate about federal government incentives to home ownership—the outcome of which will determine whether the average American can still get an affordable mortgage and whether home owners can continue to deduct their mortgage interest as a benefit of home ownership.

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• Read about the issues affecting you as a home owner right now:

Home ownership

It Pays to Support Responsible Home Ownership
Protect your home’s value and build stronger communities.
Home Ownership Matters Bus Tour Hits the Road
The Home Ownership Matters bus tour, sponsored by the NATIONAL ASSOCIATION OF REALTORS®, is revving up to celebrate the benefits of home ownership with you.
Home Ownership Matters Ad

Mortgages

American Home Owners Need Affordable Mortgages, REALTORS® Say
The president’s proposal for a new secondary mortgage market structure needs to ensure home owners have access to a constant source of reasonably priced home loans.
Losing Fannie Mae, Freddie Mac Would Increase Mortgage Interest Rates
Without government-supported mortgage programs from Fannie Mae, Freddie Mac, FHA, and VA, interest rates on home mortgages would rise by 2 percentage points.

How Fannie Mae, Freddie Mac Save You Money
Home owners who use Fannie Mae and Freddie Mac mortgages save thousands of dollars in interest payments each year.

Show Your Support for FHA
FHA supports home values by providing a steady source of mortgage financing for families across the country, but critics worry it has taken on too much risk.

Mortgage deduction

Your Mortgage Deduction: Turn Tax Savings into Home Value
Sock away your mortgage deduction tax savings, and you’ll have a nice cushion for life’s necessities—and a few luxuries. Here’s how a typical household might spend their tax savings at various life stages.
7 Mortgage Interest Deduction Myths
Think losing the mortgage interest deduction would be no big deal? We bust seven myths to show why the cost is bigger than you think.
Mortgage Interest Deduction Vital to Housing Market
The mortgage deduction saves the average home owner thousands of dollars at tax time, supports home values at the community level, and helps American home buyers get into their first house.

Deduct Mortgage Interest and Home Equity Loans
Deducting mortgage interest, as well as interest on home equity loans and HELOCs, can save you money on taxes.