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The bill contains housing-related provisions important to REALTORS®,including alleviating the weakening of the Low-Income Housing Tax Credit (LIHTC) from the new tax law, and extending the National Flood Insurance Program (NFIP) through at least mid-summer. 

Throughout March and April, Houselogic.com, the comprehensive website for homeowners, buyers and sellers from the National Association of Realtors®, along with real estate industry experts will answer consumers’ questions about the home buying process in a Q&A series on Facebook, titled “How to Buy a Home Step-by-Step.”

NAR testified in support of expanded association health plans before the U.S. House Education and the Workforce Subcommittee on Health, Employment, Labor and Pensions.

The exclusion for forgiven home mortgage debt following a foreclosure, short sale or loan modification should be made permanent to provide relief to troubled borrowers and minimize the damage to families, neighborhoods and communities. 

Home purchases by millennials ticked up over the past year, but inventory constraints and higher housing costs kept their overall activity subdued and prevented some from leaving the more affordable confines of their Gen X and baby boomer parents’ homes.