NAR-backed condo legislation passes Senate

WASHINGTON – July 15, 2016 – The U.S. Senate passed H.R. 3700, the “Housing Opportunity Through Modernization Act,” by unanimous consent yesterday. The move follows earlier passage by the House and was the topic of a recent Call for Action campaign that led many Realtors to email their lawmakers and push for passage.   The…

Brexit’ Could Give U.S. Real Estate Brief Boost

Britain’s vote yesterday to exit the European Union will likely have a long-term impact on the world economy, but in the short-term, U.S. real estate could be flooded with investors flocking to the U.S. as a safe haven, pushing up the dollar and sending down mortgage rates. “Demand for U.S. real estate could rise,” says…