No 'Plan B' if mortgage interest deduction axed

Second-home owners most likely to feel pinch

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Dec. 7, 2011

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"Second homes have been hit hard," said Lawrence Yun, NAR's chief economist. "Lenders have been difficult on homes that are not owner-occupied all the time."

Look for NAR to put all its lobbying muscle behind keeping the mortgage interest deduction in place. They are not about to let homes -- first or second -- be hit any harder.

In fact, the group is so confident it doesn't even have a Plan B.

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