The House passed tax reform, and NAR now looks to the Senate bill. NAR opposes both bills because they neutralize the incentive for homeownership. The House also passed long-term reauthorization and reform of flood insurance, which NAR supports. Other segments in the video look at team legal issues, the latest home sales numbers, and a new safety web product for real estate professionals.
House Republican tax reform legislation was introduced as REALTORS® met in Chicago for their 2017 Conference & Expo. NAR opposes the legislation because it will hurt homeowners. Also, a REALTOR® testified before Congress on how to improve the secondary mortgage market.
NAR opposes the first draft of the tax reform framework that the Trump Administration and Republican congressional leaders have released. It works against the interest of most middle-income homeowners. Other topics include 1031 exchanges, the best remodeling projects from a resale standpoint, and what to do after a natural disaster strikes to keep transactions on track.
President-elect Elizabeth Mendenhall and CEO Bob Goldberg said NAR must work with technology innovators to ensure future disruption keeps the role of real estate professionals central as the role of technology expands. NAR is releasing a Call for Action to its members to advocate fir passage of long-term flood insurance reauthorization in the House. Also, a texting scam is targeting real estate, and brokers say virtual brokerages are becoming key competitors.
Hampton, Virginia — The Virginia Peninsula Association of REALTORS® (VPAR) is pleased to announce the award of a $2,000 Virginia REALTORS® Community Outreach Grant that has been presented to the City of Newport News. Accepting the check on behalf of the City was Mayor McKinley Price, who offered appreciation to the members of VPAR and to the Association’s leadership.
In partnership with the Association, the City, through its Communications Department, intends to use the funds to develop a video highlighting the City’s diverse housing stock and its neighborhoods, its cultural and educational assets, and its economic and employment opportunities, showcasing Newport News as a great place to live, work and play.
VPAR is a leader in the City and throughout the Peninsula, and strives to engage its 1,100-plus members as resources to our local communities. The Association’s work is grounded in advocacy and in public policy, and has a keen focus on improving neighborhoods and increasing housing opportunities.
“REALTORS® work hard every day to make our cities and counties, our communities, our neighborhoods more viable, healthier, better and stronger. We are involved in issues that include land use and zoning, housing opportunity, affordable housing, community revitalization, transportation, recurrent flooding and economic development. Remember that we live here, too. For many of our members, Newport News is home. We work here, we play here, we make a place here. Making our communities the best they can be, and sharing that with the homebuying and selling public, is good for everyone in Newport News and on the Virginia Peninsula.”
The Virginia Peninsula Association of REALTORS, Inc. (VPAR) is a professional trade association representing the real estate profession and housing industry in the cities of Hampton, Newport News and Poquoson, and the Counties of Isle of Wight and York. The Association is one of many local REALTOR associations throughout the country affiliated with the NATIONAL ASSOCIATION OF REALTORS, one of the nation’s largest professional associations and the cornerstone of one of the strongest Political Action Committees in the United States.
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Virginia Peninsula Association of REALTORS®
1001 North Campus Parkway
Hampton, Virginia 23666
JULY 19, 2017 FOR IMMEDIATE RELEASE
MEDIA CONTACT: Susan S. Gaston, Legislative Consultant (757) 871-1445