Inside this issue
  CFA: Push Congress to approve NFIP, work on reforms  
  Tell Congress to EXTEND NFIP and PASS Flood Insurance Reform

The National Flood Insurance Program (NFIP) will expire on July 31, denying necessary insurance coverage to homeowners and buyers in more than 20,000 communities nationwide, including many communities right here in Nevada. Congress must act now to reform and extend the NFIP.

ACTION NEEDED: Urge Congress to extend the NFIP and pass meaningful reforms to ensure long-term viability of the program


  Survey: Tight markets causing more buyer's remorse?  

A shortage of homes for sale and tough competition from other prospects may be prompting more buyers to suffer from remorse post-purchase, according to the latest ValueInsured Modern Homebuyer Survey. Sixty-two percent of Americans believe people who buy a home now will have remorse about the purchase within a year due to the cost, according to the survey.

Homeowners are more likely than non-owners to believe a housing correction will occur within the next one to two years. Sixty-seven percent of homeowners also said that if a person was to buy in their neighborhood, they would be buying high. Homeowners in California and Texas appear to be the most pessimistic about the sustainability of home prices, according to the survey. Read more by clicking here.



  Three reasons millennial buyers love VA loans  

Millennial veterans and military members are helping fuel the resurgence of the historic VA loan program. Last year's 700,000-plus loans were more than double the agency's total from five years ago. Younger buyers in particular have flocked to these government-backed mortgages during a time of tight credit and flat-lining wage growth. The VA says millennials accounted for about a third of all VA loans last year.

These low-interest loans offer qualified buyers a wealth of benefits. That's especially true for millennial borrowers, who often have dented credit or minimal savings. This $0 down payment loan program was created to help level the playing field for those who serve our country, and it's still doing so today. Click here to read more.



  Harvard Report: The State of the Nation's Housing 2018  
  As the inaugural State of the Nation's Housing report noted, the majority of Americans were well housed in 1988, and a number of metrics point to improving conditions since then.

More than 40 million units have been built over the past three decades, accommodating 27 million new households, replacing older homes, and improving the quality of the nation's stock. The typical home today is larger and more likely to have air conditioning, multiple bathrooms, and other amenities. Structurally inadequate housing was rare 30 years ago and even rarer now.

Click here to see the complete report.