Politics & Government Archive

Flood Subsidies Phasing Out Unless Congress Acts, FEMA Chief Says

UPDATE: Read NAR’s Oct. 10 letter to Craig Fugate outlining steps his agency could take to mitigate the sting of rising flood insurance premiums. Any chance of the federal government delaying the phase-out of flood insurance subsidies coming down...
September 19, 2013

Obama: Housing Essential to Economic Stability

President Barack Obama reiterated his view that a recovering housing market is essential to an improving U.S. economy in an online forum Wednesday where consumers grilled the president on his housing plans. “Homeownership is a quintessential element of the...
August 7, 2013

Why ‘PATH’ Approach to Fannie, Freddie Phase-out is Troubling

Lawmakers have been talking about reforming the secondary mortgage market since the housing bust, but the effort has remained largely in the planning stage. Now it’s moving forward.     // In the House last week, the Financial Services...
July 29, 2013

With BASEL III Out, a Big Win for Real Estate

When you’re busy selling real estate or running a brokerage, you can’t be expected to follow every twist and turn in Washington over this rule or that rule. But there was one important twist just a few weeks ago...

In a Long Tax Process, a Time to Stand Up

Tax reform is a topic that comes up every few years and now we’re at the beginning of another possible go-round, but this time it’s a little different because the Senate Finance Committee wants to start from scratch. That’s...
July 10, 2013

How Communities Become Nicer Places to Live

For the last several years NAR has been making tens of thousands of dollars a year available to state and local associations for smart growth initiatives and so far more than $1 milion has been given away to 265...
June 17, 2013

Why Flood Insurance Subsidies are Phasing Out

For years the availability of federally backed flood insurance was an on-off affair. The program was $18 billion in debt to the U.S. Treasury, largely because of Hurricanes Katrina and Rita in 2005, and Congress would only renew the...

Too Soon to Say FHA Will Need a Bailout

Major news outlets have been talking about the Obama Administration possibly requesting $943 million from the U.S. Treasury this year to shore up the finances of the Federal Housing Administration. But whether the 80-year-old agency will actually need the...
April 11, 2013

Budget Plans: Any Impact on Real Estate?

Tax provisions are once again under discussion as lawmakers look at dueling budget plans The federal budget process for next year began last week with release by the Senate and House budget committees of their fiscal 2014 plans. The...
March 18, 2013

GOP, Democrats Face Future Challenges

A political analyst looks at the issues facing the Republicans and Democrats as they look to next year’s congressional races and the 2016 presidential contest. Much like the secret meetings at the Vatican to determine the new pope, the...
March 18, 2013