Real Estate Policies
The stimulus bill includes aid for state and local governments, new homeowners, small businesses and renters.
If Realtors, lenders and homebuyers are the stars of the real estate show, Fannie and Freddie are the unseen producers who bankroll the production from backstage.
The National Association of Home Builders (NAHB) opposes the change because it would raise taxes on the multifamily housing industry and on real estate investment partnerships.
The order directs the U.S. Department of Housing and Urban Development to reexamine Trump Administration changes to Obama-era fair housing rules.
It enables interested parties to conduct a quick search for all projects appealing a decision before the Zoning Board of Appeal.
CBC Mortgage Agency, a nationally chartered finance agency, applauded the decision, noting in a press release that 85% of individuals in the DACA program are Hispanic and account for over a third of CBCMA borrowers.
MAR also successfully urged Baker to veto “Right of First Refusal” portion of the bill, which would allow tenants of a building to have the first option to purchase the property.
MAR recently published an update on its legislative initiatives and noted that it is advocating on a number of budget amendments, several of which aim to impose sales taxes on homes.
Realtors who use harassing or hate speech could face fines by the National Association of Realtors, according to a proposal approved by the NAR Board of Directors at its 2020 Realtors Conference & Expo.
The National Association of Realtors announced a list of priorities its Business Issues Policy Committee will focus on next year.