Second-home owners most likely to feel pinch
"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.
Tom Kelly's new e-book, "Bargains Beyond the Border: Get Past the Blood and Drugs: Mexico's Lower Cost of Living Can Avert a Tearful Retirement," is available online at Apple's iBookstore, Amazon.com, Sony's Reader Store, Barnes & Noble, Kobo, Diesel eBook Store, and Google Editions.
|Contact Tom Kelly:|
|Letter to the Editor|
Freddie Mac vet tapped to lead FHA
What's Your Home Worth?