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A group of legislators and administration leaders known as the "Big 6" today released an outline for comprehensive tax reform that if enacted, according to the National Association of Realtors®, could lead to a tax on homeownership for millions.
Existing-homes sales have retreated in four of the past five months, but new survey findings from the National Association of Realtors® indicate it is not because of a lack of confidence from consumers about buying and selling a home, or based on their views about the direction of the economy and their finances.
Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying.
Realtors® are pleased with the Senate's approval of Pam Patenaude as deputy secretary at the Department of Housing and Urban Development.
Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy.