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Real Estate Issues in the 113th Congress

RE Issues 113th CongressMidyear kicked off this morning with a forum on real estate issues in the 113th Congress. We had the pleasure of listening to Jeffrey Birnbaum, a commentator and analyst, and Congressman Randy Neugebauer from the 19th Congressional District of Texas.

Mr. Birnbaum got the crowd going with his comment, “Congress does TWO things; nothing and overreact.” Following a discussion of the challenges most presidents face in their second term, he recapped some facing President Obama right now. The budget deficit was front and center of course. Which raises the issue of bridging that gap and the solution that many seem to throw around in DC is the Mortgage Interest Deduction (MID).

Birnbaum made the point that if Congress does the later, overreact that is, “You don’t want to be caught flat footed when they do!”

Thankfully NAR has been vigilant in their efforts to defend MID again this year. To learn more about the MID issue visit Mortgage Interest Deduction on REALTOR.org . MID will once again be a talking point at this year’s hill visits. You can download the talking point at Preserve Homeownership Tax Policies.

utahrepro

Chris Nichols, Prudential Utah Elite Real Estate, Orem, Utah Chris Nichols is the managing broker at Prudential Utah Elite Real Estate in American Fork, UT. He’s a past President of the Utah County Association of REALTORS®, and was their 2011 REALTOR® of the Year. Chris is the 2013 Treasurer of the Utah Association of REALTORS®, and serves as NAR’s FPC to US Senator Mike Lee (UT). He is a graduate of the 2010 National Association of REALTORS® Leadership Academy. He is a returning featured attendee at Conference Live, a contributor to several industry blogs, the community manager of the Top 5 in Real Estate network, and a social media ambassador to Inman News.

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