Blog

NAR Call for Action: Congress Must Reauthorize the National Flood Insurance Program

July 5, 2018

The current National Flood Insurance Program (NFIP) is set to expire on July 31st if there is no Congressional action. Without federal flood insurance, millions of home and small business owners in 22,000 communities nationwide will not be able to obtain insurance to protect their property against flooding! This will cause an estimated delay or cancellation […]

What the Association Health Plan Rule Means for REALTORS®

June 22, 2018

The U.S Department of Labor (DOL) has finalized its long-awaited Association Health Plan (AHP) rule to expand the definition of “employer” to include “working owners.” This change allows real estate professionals and other self-employed individuals to participate in association health plans. A key provision, forwarded for inclusion in the rule by NAR, will allow many REALTORS® […]

Don’t forget to Vote on Tuesday, June 12th!

June 7, 2018

Primary elections are being held June 12th for one of the Virginia seats in the U.S. Senate and the seat in the 10th District of the U.S. House of Representatives. Voting in Loudoun County Polls will be open from 6:00 a.m. to 7:00 p.m. The last day to vote absentee in person is Saturday, June […]

USDA Reviews Eligible Areas for Housing Loans

February 23, 2018

The U.S. Department of Agriculture’s (USDA) Rural Housing Service (RHS) provides direct and guaranteed loans to home buyers in designated rural or “rural in character” areas throughout the country. Every five years, RHS reviews localities to determine if they should remain eligible for its housing loan products. The four areas currently under review in Loudoun […]

National Flood Insurance Program Extended to March 23, 2018

February 19, 2018

On February 9, 2019, Congress extended the National Flood Insurance Program (NFIP) as part of a broader budget agreement. NAR is urging the Senate to use the time to work on comprehensive NFIP legislation that provides a 5-year reauthorization and includes meaningful reforms to strengthen the program and open the door to a private market […]

National Flood Insurance Program Extended to January 19, 2018

December 27, 2017

On December 21, 2017, Congress extended the National Flood Insurance Program (NFIP) as part of the continuing resolution to keep the government open through January 19. NAR will continue working with Congress to ensure that the NFIP does not lapse while the Senate works on its version of the 5-year reauthorization and reform measure. Read […]

FHA 2018 Loan Limits

December 27, 2017

On Dec. 7, 2017, the Federal Housing Administration (FHA) released its 2018 Loan Limits, effective January 1, 2018. FHA’s loan limits are tied to the loan limits set by the Federal Housing Finance Agency for conventional mortgages. In high-cost areas the FHA national loan limit “ceiling” will increase to $679,650 from $636,150. FHA will also […]

President Signs the Tax Reform Bill

December 27, 2017

The President signed into law the “Tax Cuts and Jobs Act” on December 22, 2017. All individual provisions of the measure are generally effective after December 31, 2017 for the 2018 tax filing year and expire on December 31, 2025 unless otherwise noted. The provisions do not affect tax filings for 2017 unless noted. To read […]

Tax Reform Bill: Vote on Final Passage Expected This Week

December 18, 2017

The 1,000+ page Conference Committee Report on the Tax Reform Bill is expected to be voted on this week in the U.S. Senate and House of Representatives. NAR believes that many improvements were made from the prior bills and remains concerned that it will present problems for homeowners and the broader housing market. Read more […]

Call for Action – NAR Opposes the Final Tax Reform Bill

December 5, 2017

A new Call for Action launched on Monday, December 4. Join with NAR in opposing the Conference Committee Report when it comes up for a vote in both the House and Senate! Tell your members of Congress that incentives for homeownership and the capital gains tax exclusion on the sale of a home MUST be protected. […]