Realtors® Applaud Bipartisan Legislation to Delay Flood Insurance Rate Increases

Flood insurance is an important factor in the sale of homes in Eastern Connecticut along the shoreline and on rivers and streams.

The following is an October 30, 2013  statement by National Association of Realtors® President Gary Thomas:


“The bipartisan ‘Homeowner Flood Insurance Affordability Act’ introduced today in the Senate by Sens. Robert Mendendez, D-N.J.; Johnny Isakson, R-Ga.; and Mary Landrieu, D-La., and in the House by Reps. Michael Grimm, R-N.Y., and Maxine Waters, D-Calif., will help millions of homeowners who are facing sudden and extreme increases in flood insurance premiums, which are an unintended consequence of legislation to reform the National Flood Insurance Program.

“The… Read More