The long-debated 21st Century ROAD to Housing Act made it past its final vote in Congress when the House approved the omnibus bill by a 358-32 vote last night. However, on its last leg to passage, it hit a snag when President Donald Trump announced on social media this morning that he was canceling the…
Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. Housing omnibus bill one step closer to passage The U.S. Senate has advanced the latest version of the omnibus 21st Century ROAD To Housing Act by a vote of 87-8. A roll-call vote to…
Housing and Urban Development (HUD) Secretary Scott Turner recently stressed that the Trump Administration has been intentional about tearing down the regulatory environment that many have blamed as a cause for housing affordability across America. Appearing on CNBC, the conversation focused on regulatory burdens that officials say add roughly $100,000 to the cost of a…
Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. New York City passes tax on luxury-valued second homes New York City has enacted a new tax aimed at luxury second homes. The “pied-à-terre” (French for “foot on the ground,” and used in reference…
Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. ROAD to Housing Act back on the table An amended version of the housing omnibus bill currently known as the 21st Century ROAD to Housing Act has once more passed the House of Representatives.…
The sweeping housing reform bill, the 21st Century Road to Housing Act, has passed the House of Representatives by a vote of 396-13, after previous reporting (via Politico) indicated that Speaker Mike Johnson and House GOP leaders had reached an agreement with President Donald Trump and the White House. Following the bill’s passage, National Association…
Rules surrounding the public marketing of listings is a hot and divisive topic in the real estate industry, one that state lawmakers are weighing in on. Connecticut, for instance, is on the verge of passing a bill that sets new rules on this front; passed by both houses of the state legislature, it awaits either…
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The Department of Housing and Urban Development (HUD) and the Department of Agriculture (USDA) have announced they have rescinded the mandate that all new homes be built with the 2021 International Energy Conservation Code as the minimum energy-efficient standards, or they would be ineligible for an FHA or USDA-backed mortgage loan. The Biden Administration-era policy…
Compass is pushing back hard against the Northwest Multiple Listing Service (NWMLS), arguing in a new court filing that its 3-Phased Marketing (3PM) strategy fully complies with Washington state’s incoming public marketing law—and that NWMLS’s counterclaims against the brokerage should be thrown out entirely. In a motion to dismiss filed April 23 in the U.S.…
Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. Illinois Realtors® back Governor JB Pritzker’s housing plan to revise zoning Illinois Governor JB Pritzker, who has been speculated as a 2028 Democratic presidential candidate, appears to be cultivating a relationship with the Illinois…
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