New 2016 FHFA scorecard released

The Federal Housing Finance Agency (FHFA) released its annual Scorecard for Fannie Mae and Freddie Mac on December 17, 2015.   These government sponsored entities, or “GSEs,”  utilize the “Scorecard” as an agenda for setting their priorities while in conservatorship.  For 2016, the FHFA outlined these three strategic goals: Maintain, in a safe and sound manner, …

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Desert Discovery Center (DDC) goes to City Council vote Jan 11, 2016

On December 9, Scottsdale Area Association of REALTORS® (SAAR) President & CEO, Rebecca Grossman, interviewed Christine Kovach, Board Chair, and Sam Campana, Executive Director, from the Desert Discovery Center Scottsdale (DDCS) to get some answers as to:  What the Desert Discovery Center is?  How will it enhance the community?  Why is this project important to Scottsdale? The …

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Fountain Hills’ A-Frame and Banner Sign Ordinance given 3-year extension

On December 17, 2015, the Fountain Hills City Council voted 6-0 in approval of granting a 3 year extension to their A-Frame and Banner Sign Ordinance.  This is great news for local businesses and REALTORS® who utilize A-Frame signs!  Previously, the sign ordinance was up for an annual review and only granted a one-year extension.  Based …

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Legislation passed benefiting Commercial Real Estate

Congress passed sweeping legislation on December 18, 2015, that puts an end to many of the stop-gap funding measures known as “Continuing Resolutions,” an Omnibus appropriations bill and a tax extenders package.  This more than two-thousand pages of legislation has given Commercial Real Estate some major wins.  The President is expected to sign this into …

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25 REALTOR wins in recent Fiscal Year legislation

Today, Congress has passed sweeping legislation of more than two-thousand pages to fund the Federal Government Fiscal Year 2016. The legislation is expected to be signed into law by the President when it arrives at the White House later today (Dec. 18, 2015). The new legislation will put an end to the series of stop-gap funding …

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Short-Term "Vacation" Rentals – hot legislative topic across the country

The “Vacation Rentals” issue first came onto our local radar in Scottsdale this past February, when a petition was submitted to the Scottsdale City Council, requesting them to amend their current city ordinance regulating short-term rentals and allow for a less than 30-day rental period of residential housing. The current law in the City of Scottsdale …

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Call for Action: Stop Congress From Taking Money From Future Homeowners

The House of Representatives Transportation and Infrastructure Committee is considering legislation to reauthorize surface transportation programs. One proposal would use Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund transportation programs. The National Association of REALTORS® (NAR) strongly believes that taking g-fees would also prevent Fannie Mae and Freddie Mac from effectively managing …

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