Nation: NAR Urges Mnuchin to Protect MID

In a letter dated March 10, 2017, NAR 2017 President William E. Brown urged new Treasury Secretary Steven Mnuchin to protect the current tax benefits of homeownership as the Trump Administration seeks to reform the federal income tax system. Referring to recent media reports where Mnuchin promised to leave “the mortgage interest deduction as is,”Continue reading “Nation: NAR Urges Mnuchin to Protect MID”

Nation: President Mentions Infrastructure Bill in Address

President Trump reiterated his desire for a new transportation/infrastructure program during his address to Congress last night. “Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our beautiful land,” he said. “To launch our national rebuilding, I will be asking the Congress to approve legislation that produces a $1Continue reading “Nation: President Mentions Infrastructure Bill in Address”

Nation: NAR Proposes Changes to Condo Certification Requirements

On November 28, 2016, NAR submitted a comment letter to the Federal Housing Administration (FHA) regarding proposed changes to FHA Condominium certification requirements. Many of the proposed changes align with areas REALTORS® have expressed a need for more lenience and reflects NAR advocacy on these matters. The NAR letter specifically asks FHA to: Remove theContinue reading “Nation: NAR Proposes Changes to Condo Certification Requirements”

Nation: NAR Upbeat After Election

Senior Vice President Jerry Giovaniello said November 8th was a “great night for real estate.”  NAR works hard to create relationships with members of Congress and many incumbents were re-elected. $25 million was spent by NAR on congressional races this year, which is a new record for RPAC. Giovaniello said 90 percent of all RPAC-endorsedContinue reading “Nation: NAR Upbeat After Election”

House Passes Gas Tax Patch

The House of Representatives passed a two-month extension of federal transportation funding, delivering a victory to Democrats who have long preferred a shorter extension. The Measure is intended to prevent an interruption in the nation’s infrastructure funding that is currently scheduled to begin on May 31. Senate Majority Leader Mitch McConnell (R-Ky.) is also movingContinue reading “House Passes Gas Tax Patch”

NAR Announces Consumer Call For Action

NAR’s President Steve Brown announced that NAR is conducting the first test of the Consumer Outreach Program by launching a Consumer Call for Action (CCFA) to 85 million homeowners, including several million prospective owners, across the country. The CCFA will commence April 30, 2014, and run through mid-July (at least). This consumer outreach will helpContinue reading “NAR Announces Consumer Call For Action”

Call to Action on Tax Reform

A Call to Action was launched by NAR this week in response to the U.S. Senate’s decision to undertake tax reform. The Senate has adopted a “Blank Slate” approach that initially eliminates every provision in the tax code, including those that encourage real estate ownership and investment. Senators must submit their tax reform priorities toContinue reading “Call to Action on Tax Reform”

Senate to Tackle Tax Reform

On June 27th the Chairman of the Senate Finance Committee, Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) announced their plan for tax reform legislation in the United States Senate.  A letter to all Senators announced their intention to “mark-up” (create legislation in the committee) a tax reform bill this fall and that theyContinue reading “Senate to Tackle Tax Reform”