Market Updates
The Real E(state) of the Union Address
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The State of the Union Address rightfully draws the attention of most Americans and certainly Capitol Hill insiders, because it offers a preview of the top policy issues for the coming year.
If you're wondering what relevant clues the President's most recent 2013 State of the Union might have to offer the real estate investor community, keep reading.
The Focus Just Ahead
Based on the President Obama’s speech, this year the legislative session will be dominated by budget issues, immigration reform, and gun control.
Where does that leave housing issues for 2013? Certainly not at the top of the list, but that observation comes with two reassuring footnotes:
- First, most of my work on behalf of the real estate investing community is performed through FHFA. So our agenda can be accomplished without a legislative remedy.
- Secondly, the House is definitely working on a reform package for Fannie and Freddie, so there will be at least some debate on broad housing issues.
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John Grant
is the president of the Distressed Property Coalition, a private advocacy effort formed by the top leaders in the residential real estate industry, and dedicated to private market solutions, smaller government, and protecting taxpayers. DPC exists because investors deserve an easier path to buy and sell houses. Investors deserve to shape policies that govern them, not to be subjected to them. Investors deserve better information on current laws and policies. Investors deserve a safe environment to learn more about the industry. DPC is dedicated to providing these services to the residential real estate community. Their content and track record of success in Washington are unprecedented for this industry.
To received Mr. Grant’s policy briefings and newsletter, please visit www.distressedpropertycoalition.com
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