Industry NewsMarkets & Economy

NAR bets heavily on 8 House races, backing winners in all but one

Longtime Realtor ally Judy Biggert loses her seat in Congress

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Seven out of eight House candidates the National Association of Realtors threw its weight behind in a big way in the months leading up to Tuesday's election will be members of the 113th Congress. The lone exception -- Rep. Judy Biggert -- is a longtime NAR ally whose defeat could represent a setback for the Realtor trade association. Biggert will be packing her bags after serving 14 years in the House of Representatives, having lost a hard-fought race after her congressional district was redrawn. As a senior member of the House Financial Services Committee, Biggert chairs its subcommittee on Insurance, Housing and Community Opportunity. The Illinois Republican was one of NAR's biggest allies in a protracted fight over changes to the Real Estate Settlement Procedures Act (RESPA) that eventually resulted in the Department of Housing and Urban Development issuing new disclosure forms and rules intended to help consumers shop for mortgages and related services like title insurance...