Blog
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 […]
Important Notice: Changes to your Sentrilock®Password Requirement
December 18, 2017
On January 1st, 2018 SentriLock will require you to change your passwords. They have established minimum password requirements to make their systems even more secure. The new passwords will require six {6) characters, with one {1) upper case letter, one {1) lower case letter, and one {1) numeric value. You can update your passwords on […]
Net Neutrality Rollback Put Consumers, Main Street Businesses on the Defensive in Digital Era
December 15, 2017
The Federal Communications Commission today announced a rollback of net neutrality rules last week, sparking a swift rebuke from the nation’s 1.3 million REALTORS®. “The internet as we know it today is a fair and open platform that puts everyone on a level playing field,” said National Association of REALTORS® President Elizabeth Mendenhall, a sixth-generation […]
November 2017 Loudoun County Market Trends Report: Inventory Decline Persists; Sales Growth Continues to Drop
December 15, 2017
The following analysis of the Loudoun County, Virginia housing market has been prepared by George Mason University’s Center for Regional Analysis. It was prepared for the Dulles Area Association of REALTORS® by analyzing Bright MLS housing data from MarketStats by ShowingTime. Overview The number of closed sales continued to decrease as the 467 closed sales […]
FHA Prohibits PACE Loans
December 10, 2017
On Dec. 7, 2017, the Department of Housing and Urban Development (HUD) announced that HUD will no longer insure mortgages encumbered with a Property Assessed Clean Energy (PACE) assessment. This reversal of HUD policy is a victory for the National Association of REALTORS® whose members sounded concern that PACE liens would take a first-lien […]
Important Notice: Pay Dues for SentriLock by 12/13 to Avoid Late Fee
December 9, 2017
To streamline the process for obtaining access to SentriLock keyholder services, members received an invoice directly from SentriLock for your key service renewal this year. Accordingly, key service renewal fees will no longer be paid directly to the Dulles Area Association of REALTORS® as it will be paid to SentriLock. Beginning in November, you received several emails from […]
Welcome New DAAR Government Affairs and Communications Manager – Brenda Morton
December 8, 2017
We are pleased to announce that Brenda Morton is the new Government Affairs and Communications Manager for DAAR effective Thursday, December 1st. Her primary responsibilities will include advocating on legislative matters that affect the association, administering the Dulles Area REALTORS® Political Action Committee (DARPAC) and managing the association’s communications program. Brenda comes to us with […]
Phase I Begins – Loudoun County Wants to Know If You’re Renting Out Rooms
December 4, 2017
Are your clients interested in using their property for short-term rentals? If so, they may need to register with Loudoun County officials. Background The 2017 General Assembly passed SB1578, which allows localities to establish a registry of people offering short-term residential rentals and requires them to register annually. The law also includes an exemption from […]
In Memoriam: Trudy Goodwin
November 27, 2017
We extend our heartfelt sympathies to the family and friends of Trudy Goodwin, former Chairman of the Board for DAAR in 2002, who passed away last week. Before retiring in 2010, she was a REALTOR with Weichert, REALTORS and served on numerous committees and the Board of Directors for the association. The funeral service will […]