As the second leg of NAR's Home Ownership Matters Bus Tour kicks off in Atlanta this weekend, NAR President Ron Phipps says, "Home ownership is under attack, and we want to make sure that people understand what's at stake."...
Home buyers across Georgia may have reduced access to mortgage funds this fall if Congress decides to reduce current Federal Housing Administration loan limits. That’s just one of the many issues the National Association of REALTORS® wants Atlanta residents to know about as the Home Ownership Matters Bus Tour pulls into town this weekend.
“Home ownership is under attack, and we want to make sure that people understand what’s at stake,” said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I. “Whether you own a home today or want to own a home someday, it’s important for all Atlantans to engage on these issues right now. With this bus tour, REALTORS® hope to give people the opportunity and the resources to make their voices heard.”
The Home Ownership Matters Bus Tour will be at Atlantic Station on July 16 from 11 a.m.-3 p.m. Members of the public can meet with national REALTOR® leaders and local officials to discuss their concerns and learn more about the issues that may affect their ability to buy, sell or own a home in the future.
On September 30, FHA loan limits may be allowed to revert to 115 percent of an area’s median home price, down from a current 125 percent. In the Atlanta area, the loan limit would be reduced by $25,400 – from a current limit of $346,250 to $320,850.