AAOA Blog Reporting That National Association of Realtors (NAR) Gives Thumbs Down to Obama’s Plan to Curtail Mortgage Interest Deduction

The National Association of Realtors®, which has supported the Obama administration’s housing and stimulus plans, is opposed to the budget proposal that would reduce the mortgage interest deduction for thousands of families.

In a letter sent today to President Obama, NAR President Charles McMillan said, “There is never a good time to propose something that undermines the basic foundation of homeownership, but given our current housing crisis, this has to be the worst possible time.”…Read the rest of the post here.


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