Prescott Real Estate News Blog's purpose is to keep current, past, and potential clients apprised of the real estate market conditions for the Prescott, Arizona Area. National and state news and events will be posted but special emphasis will be placed on Prescott Area and the Yavapai County - Prescott, Prescott Valley, Chino Valley, Dewey and Kirkland/Skull Valley.
-Prescott Real Estate News
Time is running out on important housing-related issues before Congress. We need REALTORS® to contact their elected representatives in Washington, D.C., today.
If you do not make your voice heard, then who will help protect our markets and the consumers who rely on us to represent their needs in addition to our own? Taking action is simple and only takes a few seconds.
Here is what we need for you to do:
Reauthorize National Flood Insurance Program (NFIP) to ensure access for millions of Americans to affordable flood insurance which is not available in the private insurance market. The House has passed it's bill. Now we need you to urge the Senate to act.
Without reauthorization, the National Flood Insurance Program (NFIP) also will expire on September 30, 2011. Today, 5.6 million property owners rely on the program in 21,000 communities where flood insurance is required for federally related mortgages. Both consumers and your fellow REALTORS®are counting on your to help get this bill passed.
Make permanent the current loan limits for FHA, Freddie Mac and Fannie Mae to ensure the affordability of mortgage credit for hundreds of thousands of responsible and credit-worthy American families.
Just three months from now the cost of a mortgage could rise significantly. If this happens, many of your clients run the risk of being priced out of the American Dream of home ownership. This could hold back the housing recovery. The new loan limits show that more than 669 counties in 42 states and the territories would be negatively impacted by the loan limit change. To find out how these projected loan limits will impact your market, use the drop down box on the REALTOR® Action Center link below.