Real Estate News

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The Mortgage Professor: Adjusting the home mortgage to meet the retirement funds crisis: the role of deductibility

Most economists are negative or ambivalent about the provision in the U.S. tax code that allows homeowners to deduct mortgage interest from their taxable income. The major concern is that the provision is regressive. Up to some limit, the benefit increases with wealth. The wealthier the consumer, the more costly the homes they buy, the larger the mortgages they take, the higher the interest charge on the mortgage and the greater the deduction.

Business

Where black homeownership is the norm

Two decades ago, Frederick Veazey was drawn to this suburban idyll by the usual things: grass, peace and quiet, good schools. But in choosing where to raise his sons and daughter, the successful insurance broker also wanted something else.

More than 200 homes to be built near these marshes on Hilton Head

A developer plans to build about 200 homes on both sides of the marshes of Old House Creek on Hilton Head Island.