The National Flood Insurance Program (NFIP), which assists homeowners in areas subject to flooding, is set to expire on September 30, 2017. The National Association of REALTORS® is urging every member to contact his/her Member of Congress to pass H.R. 2874, which will re-authorize and reform the current program. REALTORS®… Read more
Last week, REALTOR® members traveled to Washington, DC to advocate for important real estate issues with Members of Congress. The issues that were discussed included the following: Preserving Real Estate Related Tax Policies – retaining the Mortgage Interest Deduction, Property Tax Deduction and Section 1031 Like-Kind Exchanges. Open Access to… Read more
SAN DIEGO (November 12, 2015) – This evening, Federal Housing Administration Principal Deputy Assistant Secretary Ed Golding joined National Association of Realtors® President Chris Polychron on stage before a packed ballroom of Realtors® and industry experts to announce changes to FHA condominium policies. NAR has long advocated for broad improvements… Read more
The EPA is circulating a trial balloon, asking for comment, on a proposed Executive Order that would be issued by President Obama to drastically change the definitions of flood plains (and significantly add huge areas into the flood plain with massive increases in flood insurance). In response, on the advice… Read more
There is great news for King County REALTORS® from the Federal District Courthouse in Seattle. The federal court has refused to shut down the National Flood Insurance Program that provides the insurance which lenders require for new construction of homes and condos on the valley floor in Tukwila, Renton, SeaTac,… Read more
The United States Senate has just passed The Homeowner Flood Insurance Affordability Act by a vote of 72-22. The President is expected to sign the legislation. The legislation that passed March 13: REPEALS (the original Senate bill only delayed) the property-sales provision in the Biggert Waters law (sec. 205) that has… Read more