Welcome to the AllUtahHomes.com Blog

2012-02-14 17:47:47
Utah Homes for Sale: NAR Balks at Obama Budget

Professional real estate manby Joel Carson

Utah homes for sale are beginning to move. The market is leveling out and the future of the housing market is looking a little brighter. Homeowners and would-be homeowners enjoy some tax advantages that help soften the blow of a hard-hitting economic downturn. The National Association of Realtors® is afraid President Obama’s recent budget proposal could change all of that.

Tax form with little figure standing on itNAR® President Moe Veissi said President Obama’s budget threatens the mortgage interest tax credit and other home-related tax breaks. On Feb. 13 Veissi said, “NAR firmly believes that the mortgage interest deduction is vital to the stability of the American housing market and economy. We urge the President and Congress to do no harm.”

Veissi’s concern is the housing industry’s recovery will be impeded by higher taxes resulting from the elimination of tax benefits for homeowners and potential buyers of Utah homes for sale and those throughout the entire country. He said, “The nation’s homeowners already pay 80 to 90 percent of U.S. federal income taxes. Raising taxes on them, now or in the future, could critically erode home values at all price levels. This would destroy middle-class wealth accumulation and trillions of dollars in home values nationwide.”

NAR opposed the elimination of capital gains treatment for carried interest of a real estate property investment saying the measure “ . . . could disrupt the conventional business model and places an unfair tax burden on general partners – ultimately this would negatively impact commercial real estate investment.”

The national budgeting process might be complicated, but the process of buying Utah homes for sale isn’t! Browse our many Utah listings from wherever you and your computer happen to be!

 
Blog Archive
2016-02-05 18:23:29
Open House! Saturday, Feb. 5

2015-12-11 12:03:37
Christmas at the Carsons'

2015-11-13 17:35:09
High East Sandy Location Low, Low Price

2015-09-25 14:23:29
West Point Open House Sept. 26

2015-09-19 09:39:54
WVC Open House!

2015-09-18 16:38:17
OPEN HOUSE

2015-09-14 21:13:44
BROKER OPEN HOUSE SEPT. 17

2015-09-04 21:34:41
Four Labor Day Weekend OPEN HOUSES

2015-08-28 18:10:02
Sandy Open House, Saturday, Aug. 29

2015-08-21 21:57:47
Bountiful Open House, Aug. 22

2015-08-21 20:41:07
Sandy Open House, Saturday, Aug.22

2015-08-19 16:07:51
Sneak Peek at Stansbury Home

2015-08-12 19:26:12
Utah Top Agent Magazine Features Joel Carson

2015-07-17 12:51:35
OPEN HOUSE July 18

2015-03-13 12:16:56
Open Houses Saturday

2014-10-08 13:59:46
It is a Wrap for Q3 Utah Home Sales

2014-09-01 18:23:14
Q. Do I Need a New Buyers' Agent for Every Home?

2014-08-26 18:07:40
Whoa: You Want to Buy a Pre-Foreclosure Home?

2014-08-19 14:56:55
Buying Utah Foreclosure Homes for Sale

2014-06-05 17:24:33
Summer Utah Home Market Heats Up

2014-05-30 21:24:31
Downtown Salt Lake Farmers Market Kicks Off

2014-05-09 08:08:56
Utah Move-Up Market on Fire

2014-05-09 08:08:56
Utah Move-Up Market on Fire

2014-05-07 18:18:52
April Utah Home Sales Slow, Prices Up

2014-04-23 12:49:13
Come Home to Shadow Mountain Subdivision

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.