Public Affairs Update

Public Affairs Update………………………………………………..……………April 11, 2018

  • FTC, DOJ Announce Public Workshop on Competition in Residential Real Estate
  • How Flood Insurance is Changing
  • 2018 Flood Insurance Rates
  • Watch Webcast on Infrastructure Plan
  • Passage of FY 2018 Spending Bill Critical Step for Affordable Housing Funding and Flood Reauthorization
  • Ask the Economist: NAR’s VP of Research Paul Bishop
  • Pizza & Public Affairs Wednesday May 2, 2018 Noon to 1:00pm at BARA
  • In Case You Missed It

 

FTC, DOJ Announce Public Workshop on Competition in Residential Real Estate

The Federal Trade Commission and Department of Justice announced April 5, 2018 that they will hold a public workshop on June 5, 2018, in Washington, D.C., to explore competition issues in the residential real estate brokerage industry.  As part of their analysis the agencies will seek public comment from interested parties and the workshop will be open to the public.  The workshop announcement can be found here. Topics to be covered included existing and emerging consumer-facing platforms for accessing listing information, the benefits and drawbacks those platforms present, and the availability of listing information to consumers.

 

NAR is working with the agencies on an ongoing basis to shape the topics to be covered and the workshop participants.

 

NAR asserts that the real estate market is vibrant, healthy, and vigorously competitive. A wealth of listing data is available to consumers and technology companies from a multitude of sources, and REALTORS® provide their clients and consumers with more real estate information today than has ever been available.  We look forward to the opportunity to demonstrate this to the Federal Trade Commission and the Department of Justice through the workshop process.

 

How Flood Insurance is Changing
While Congress continues to debate a five-year reauthorization and reform legislation, the National Flood Insurance Program has implemented meaningful reforms that could improve the customer experience and encourage the development of a private market for flood insurance. [Source: NAR Update 04-05-2018]

 

2018 Flood Insurance Rates

On April 1, 2018, National Flood Insurance Program (NFIP) premium rates are set to rise an average of 8%. This increase is slightly more than last year but consistent with the annual 5-10% increases prior to the 2012 Biggert-Waters Act, which made significant reforms to the NFIP. Under 2014 Flood Insurance Affordability amendments, individual property owners could see a rate increase up to 18% for newer properties and 25% for older ones. With these April 1 changes, FEMA is also continuing to implement the next round of increases and other technical changes for the newly mapped and preferred risk properties. [Source: NAR Update 03-28-2018]

 

Watch Webcast on Infrastructure Plan
You can now view a recent Facebook Live event in which NAR's Russell Riggs and Adriann Murawski discussed the Trump administration infrastructure plan. [Source: NAR Update 04-05-2018]

 

Passage of FY 2018 Spending Bill Critical Step for Affordable Housing Funding and Flood Reauthorization

U.S. House and Senate voted March 15 to fund the federal government through September 30, 2018. President Trump signed the bill March 23. The 2,232-page bill contains important provisions related to housing that REALTORS® have been fighting for, including alleviating the weakening of the Low-Income Housing Tax Credit (LIHTC) from the new tax law, extending the EB5 program, extending the National Flood Insurance Program (NFIP) until July 31st, doubling flood map funding to $263 million, up from $177 million in the previous year, and maintains funding for the flood mitigation, proofing and elevation of properties ($175 million), as well as the Office of the Flood Insurance Consumer Advocate ($5 million) to assist homeowners with concerns over flood mapping and/or insurance ratings. [Source: NAR Update 03-28-2018]

 

Ask the Economist: NAR's VP of Research Paul Bishop

National Association of Realtors VP of Research Paul Bishop talks affordability, buyer/seller confidence, and whether 2018 will finally see the end of nationwide inventory shortages. » READ MORE [Source: DSNews.com 03-30-2018]

 

Pizza & Public Affairs Wednesday May 2, 2018 Noon to 1:00pm at BARA

Guest Speaker:

Ml Robles, Principal Architect, Studio Points Architecture +research

In 1984 I cofounded Studio Points as a research-based architecture studio dedicated to making extraordinary built environments. I am now focused on making small houses that fill every ambition I have ever held for Architecture: beauty, sustainable, land-based and so much more to create good living and well-being.” ml Robles

 

What she will present:

Why not make a bold move? advocacy with small houses

  • ml Robles has become a powerful local advocate for small houses in Boulder. (Her presentation is mind blowing and exceptional.)
  • Describe and show graphically small house options in Boulder and many more options that are not available in Boulder but should be.
  • Demonstrate how small houses can help address workforce housing challenges.
  • Describe Boulder’s housing needs in context with our demographics and what we value.
  • Describe how small space designs lead to large outcomes.
  • Identify innovative models for financing and developing small houses.
  • ml charts the path to new thinking and next steps.

Plus much more…

 

Inspiring…don’t miss it…RSVP TODAY!

 

In Case You Missed It