Residential real estate market information for Metro Detroit's Northern Suburbs brought to you by Realtors Maureen Francis and Dmitry Koublitsky of SKBK Sotheby's International Realty. Monthly market statistics for home owners in Oakland County. MLS listings available on our web site:

Thursday, November 03, 2005

Changes Under Consideration to Mortgage Interest Deduction

President Bush's Advisory Panel on Tax Reform is considering severly reducing the mortgage interest income tax deduction in an effort find funds to balance the budget and pay off the rising deficit. This has the potential to significantly increase federal income taxes for most tax payers. Take a look at Blanche Evans article in RealtyTimes.

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