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Appraisers: Don't Blame Us

January 20, 2012: 

“Don’t shoot the messenger,” is the message the Appraisal Institute has for those in the real estate industry. Appraisers have been taking heat the last few months over low home values, with critics arguing that values aren’t matching a home listing or contract’s price and valuations are unfairly weighing distressed properties into the equation.

Federal Reserve Releases Housing White Paper

January 16, 2012: 

On January 4, 2012, The Federal Reserve released a white paper, entitled “The U.S. Housing Market: Current Conditions and Policy Considerations.” In the paper, the Fed said that continued weakness in the housing market poses barriers to a more vigorous economic recovery.

NAR Meets with HUD REO Staff

January 16, 2012: 

This week the National Association of REALTORS® (NAR) met with senior staff for the US Department of Housing and Urban Development’s (HUD) Real Estate Owned (REO) Department.

Government Mandates Housing Fee Increases to Help Pay-for Benefits Extensions

January 16, 2012: 

At the conclusion of 2011, Congress passed and forwarded to the President for his signature the “Temporary Payroll Tax Cut Continuation Act of 2011”. The primary purpose of this legislation was to extend temporarily: (1) payroll tax relief, (2) unemployment compensation provisions, and (3) healthcare provisions. The estimated costs of the temporary extensions is $192.5 billion.

Supreme Court Hears Oral Arguments on Wetlands Case

January 16, 2012: 

The U.S. Supreme Court heard oral arguments in the Sackett v. U.S. EPA on January 9, 2012. The arguments presented by both lawyers elicited spirited discussion among the Justices. Experienced court watchers expect a decision in this case in late spring.

Decisions from the NAR Board of Directors

January 12, 2012: 

NAR's board approved changes to committees in a broad restructuring intended to position the association for the future. Learn what else was decided.

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