Flood insurance (4): vote to delay Act set for early January
According to multiple media reports, Senate Majority Leader Harry Reid is planning to fast track legislation for a January vote that would require 60 votes and there are reported to be enough support to pass it. The proposed legislation would delay the implementation of the new flood rates for up to 4 years.
Here is an article from the The Times Picayune: Senate will take up bill delaying flood insurance rate hikes
If you are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 781.631.1223 or andrew@HarborsideRealty.com.
Andrew Oliver is a Realtor with Harborside Realty in Marblehead.