While Realtors from across the country convened in Washington, D.C. last month to attend the National Association of Realtors 2013 Midyear Legislative Meetings and Trade Expo, Hilton Head Area Association of Realtors President Linda Frank and members from South Carolina Realtors met with lawmakers on Capitol Hill to discuss the critical South Carolina housing issues.
One of the most important aspects of the Realtors Midyear Legislative Meetings and Trade Expo was that Realtors actively engage and meet with their U.S. Senators and Representatives to communicate the issues critical to Realtors' businesses, communities and the consumers they represent. Realtors across the country were advocating public policies that promote sustainable homeownership and help move the real estate market forward toward full recovery.
Frank and other South Carolina Realtors met with Congressman Mark Sanford, Sen. Lindsey Graham and Sen. Tim Scott to discuss preserving the mission and purpose of the Federal Housing Administration, protecting homeownership tax policies such as the mortgage interest deduction, ensuring that mortgage financing is available and affordable to creditworthy homebuyers, and the effects and affordability of the National Flood Insurance Reform Act of 2012.
Frank and South Carolina Realtors urged support for maintaining the current deduction for home mortgage interest, including second homes. The mortgage interest deduction helps many families achieve homeownership, which is the foundation for a healthy middle class. Homeownership also is vital to the health and stability of housing markets. Investment and second homes are specifically critical to South Carolina and to the Hilton Head Island area and contribute to the success of the tourism industry. Altering this policy or any others related to homeownership could marginalize current and future homebuyers, as well as jeopardize the emerging housing recovery and the overall economy.
Hilton Head Area Association of Realtors is not only engaged in state and national issues, but actively participates in the local issues, working with elected officials to promote and protect homeownership within our towns and counties. Realtors know the value of owning a home and investing in real estate. By making ourselves heard at all levels of government, we are working to ensure that the American dream of homeownership stays alive for generations to come.
If you are selling or buying a home, remember to ask if your agent is a Realtor and a member of the Hilton Head Area Association of Realtors.