Real Estate and Politics...
Yes, Real Estate is very political, no way to avoid that.
Part of my yearly dues to be a member of the National Association of Realtors, and of the California Association of Realtors (not all agents are members, and it makes a big difference. Members in particular adhere to a code of ethics that is much more stringent), go towards political actionÂ aiming atÂ protecting the rights of homeowners, and preventing unnecessary involvement into theÂ real estate transaction, with unwanted fees and requirements.
As such, here is a little news from that front:C.A.R. leadership meets with members of Congress
Next week, C.A.R.â€™s Leadership Team will be in Washington, D.C., meeting with members of Californiaâ€™s Congressional Delegation, Fannie Mae, Freddie Mac, FHFA, FHA, and other real estate industry groups. C.A.R. will be advocating on membersâ€™ behalf on housing policy issues such as
- protecting the mortgage interest deduction,
- improving short sales,
- reforming the mortgage finance system, and
- modifying the FHA condo rules to encourage more FHA certifications.
C.A.R. also will voice its concern with a proposal to sell large blocks of Fannie Mae- and Freddie Mac-owned foreclosed homes to large investors and ask the GSEs to increase the number of loans to small investors.
Current Mortgage rates