Key Housing Issues for Consumers

Homeownership is an essential American value. It is a primary source of wealth and financial security for many households, helping to provide for education, retirement and more. 

Yet, policy proposals in Congress could negatively impact Americans’ ability to buy a first home, keep their current home or enter into the move-up market. 

Just as each home is important to the family that owns it, housing is vitally important to local, state and national economies. It is critical that homeownership remains attainable and that access to safe, decent and affordable housing remains a national priority.

If you believe homeownership should continue to be an essential American value, tell Congress to address these key issues:


Keep America's Housing Affordable

As the housing market continues its recovery, several financial issues are making it more difficult for creditworthy, financially responsible families to buy a home. This threatens to prevent millions of families from ever becoming home owners. Policymakers and regulators need to address several issue to keep homeownership affordable:

  • Reforming the home appraisal system to promote accuracy and consistency
  • Removing financing obstacles to creditworthy families who can afford a mortgage
  • Restoring a normal flow of credit to home builders with viable projects
  • Providing a consistent and affordable supply of mortgage credit for single-family and multifamily housing

To learn more, visit ProtectHomeownership.com


Protect the Mortgage Interest Deduction

The mortgage interest deduction has been a cornerstone of American housing policy since the inception of the tax code more than 100 years ago. It supports the aspirations of families at all income levels to become home owners.

Yet, many lawmakers have expressed a willingness to eliminate or curtail the mortgage interest deduction.

Eliminating or limiting the mortgage interest deduction would impose a huge tax increase on millions of middle-class home owners and discourage prospective buyers. Changing the deduction would cause after-tax housing costs to increase, and housing demand to decrease.

Reduced demand would depress home prices, producing a sizable loss for existing home owners, leave more home owners underwater and fuel even more foreclosures. Such a change in home values could weaken the economic recovery and perhaps drive the nation’s economy back into recession.

To learn more, visit ProtectHomeownership.com.

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