Borrowers who faced foreclosure in 2009 or 2010 may be eligible for a free independent review of their foreclosures and they now have until July 31, 2012 to make a request for that review.
On February 16, 2012, a coalition of several leading commercial real estate organizations, including NAR, released a report that examines the economic impact of the International Accounting Standards Board (IASB) and Financial Accounting Standards Board’s proposed lease accounting standard.
On Thursday, January 26, the Federal Housing Finance Agency (FHFA) published in the Federal Register an "Advanced Notice of Proposed Rulemaking" (ANPR) requesting information and comments on Property Assessed Clean Energy (PACE) programs.
The proposed fiscal year 2013 budget for the US Department of Housing and Urban Development (HUD) includes information on upcoming premium increases for the Federal Housing Administration (FHA).
February 20, 2012: Brokerages that actively solicit salespeople and promise tangible assistance (such as a customer list) in its solicitations to the salesperson in exchange for a required payment should be aware of new Federal Trade Commission (FTC) regulations that take effect March 1, 2012.
President Obama's FY 2013 Budget, presented to Congress February 13, includes a recommendation that Congress extend the mortgage cancellation tax relief provisions
The National Association of REALTORS® (NAR) continues its holistic approach to valuing real property with the adoption of its Responsible Valuation Policy. The document is the culmination of NAR’s efforts to consider all methods of valuing real property.
In the 6-minute video, NAR Director of Tax Policy Linda NAR Director of Tax Policy Linda Goold talks about the hurdles facing extension of the popular mortgage cancellation law designed to help hard-hit home owners.
NAR's Speaking of Real Estate Blog notes that the value of the mortgage interest deduction (MID) and other itemized deductions for wealthier households would be trimmed in the fiscal 2013 budget proposal.
Home ownership continues to be a sound investment over the long term. In the October 2010 white paper “The Long-Term Value of Home Ownership in the U.S.,” the National Association of REALTORS® offers a historical look at the social and economic effects of home ownership over the last 50 years.