The National Association of Home Builders (NAHB) opposes the change because it would raise taxes on the multifamily housing industry and on real estate investment partnerships.
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The order directs the U.S. Department of Housing and Urban Development to reexamine Trump Administration changes to Obama-era fair housing rules.
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CBC Mortgage Agency, a nationally chartered finance agency, applauded the decision, noting in a press release that 85% of individuals in the DACA program are Hispanic and account for over a third of CBCMA borrowers.
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This means homebuyers will be able to borrow up to the new level without triggering higher interest rates.
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Realtors who use harassing or hate speech could face fines by the National Association of Realtors, according to a proposal approved by the NAR Board of Directors at its 2020 Realtors Conference & Expo.
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The National Association of Realtors announced a list of priorities its Business Issues Policy Committee will focus on next year.
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The National Association of Realtors’ Board of Directors is expected to vote on a proposal that would prohibit members for conducting hate speech outside of work.
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Real estate industry associations oppose the decision and are calling on Congress to provide rental assistance to housing providers.
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