REALTORS® Converge on D.C. This Week
More than 8,500 REALTORS® and other real estate industry guests from across the country are expected to attend the meetings, which kick off today in Washington, D.C. and runs through May 14. National Association of REALTORS® President Tom Salomone says this is a pivotal moment educate politicians and regulators about the importance of maintaining a thriving real estate sector.
“There is a wide range of residential and commercial real estate issues that are of high importance to REALTORS® and are coming to a head right now, so we’ll be using the strength of our combined voices to remind members of Congress to maintain sound real estate markets,” Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Fla, says. “Furthermore, we’ll be setting the stage for next year, after the elections, when House and Senate leaders on both sides of the aisle are expected to move tax reform proposals.”
Among the many industry and political thought leaders on hand for the conference, Housing and Urban Development Secretary Julián Castro will discuss student loan debt and U.S. Sen. Elizabeth Warren (D-Mass.) will share perspectives on housing finance and student debt. Pollsters Peter Hart and Bill McInturff will offer insights into the mood of the country going into election season, and investigative journalist and author Bob Woodward will share his thoughts on the upcoming presidential elections. NAR Chief Economist Lawrence Yun will also share updates and forecasts on both the residential and commercial real estate markets.
Throughout the week, REALTORS® will meet directly with members of Congress and staff to discuss the legislative and regulatory issues that affect residential and commercial real estate. Among the high-profile policy issues members plan to raise are extending the Mortgage Forgiveness Debt Relief Act, real estate tax policies, and Federal Housing Administration reforms. They also hope to ensure Fannie Mae and Freddie Mac mortgage guarantee fees are not extended, increased, or diverted away for unrelated government spending. In addition, REALTORS® will meet with officials and staff at the White House and more than a half-dozen regulatory agencies, including the Environmental Protection Agency, Federal Housing Finance Agency, the Department of Agriculture's Rural Housing Service, the Department of Transportation’s Federal Aviation Administration, and the Department of Veterans Affairs.
REALTOR® Magazine will be on hand to cover a wide variety of events and educational sessions, so stay tuned to our site and the Daily News feed for more throughout the week. Also, be sure to follow the hashtag #NARLegislative on social media for the latest updates from D.C.
—REALTOR® Magazine
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