Real Estate News

Business

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.

Watch what Pitman coach, players had to say about big win over Napa

Pitman High football coach Tom Tyler, running back Peyton Bass and quarterback Treyton Fair discuss the 55-7 victory over Napa on Friday, Aug. 17, 2018.