Conversation on National Flood Insurance Program heats up

The National Flood Insurance Program (NFIP) is set to expire in September 2017, and according to NAR, the stakes are high for reauthorization. The program lapsed twice between 2008 and 2012, and as many as 40,000 home sales stalled every month as a result. Another lapse would represent a significant challenge to consumers and the housing market. In an op-ed, NAR President Tom Salomone announced joint principles for reform of the NFIP. More on this story can be found here.