Congress threatens to upend housing market

is looming and if congressional lawmakers fail to strike a funding deal, homebuyers could have to push back closing dates in an already tight housing market.

"We can confirm that if not extended past the end of the fiscal year, the NFIP coverage will lapse," National Association of Home Builders Chairman Alicia Huey told."This will hurt countless homeowners across the nation who reside in flood-prone areas and rely on the NFIP to protect their properties against the risk of flooding.

"This could also disrupt thousands of home sale closings where the mortgage requires flood coverage," Friedlander said.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Former US national security officials urge Congress to build on Biden's China investment curbsA group of 21 former U.S. national security officials sent a letter to leaders in Congress urging lawmakers to build on President Biden's restrictions on investment in Chinese firms.
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »

Former U.S. officials urge Congress to enhance Biden's China investment orderA bipartisan group of former senior U.S. national security officials urged Congress on Wednesday to dedicate resources to President Joe Biden's recent order restricting some outbound U.S. investment to China, calling it a top priority.
La source: Reuters - 🏆 2. / 97 Lire la suite »