Stability in the housing market will lead to a quicker and greater economic recovery, according to the National Association of Realtors®. In a letter to Shaun Donovan, secretary of Housing and Urban Development; Timothy Geithner, secretary of the Treasury; and Gene Sperling, director of the National Economic Council, NAR offered its recommendations for helping stabilize and revitalize the housing industry and economy.
“As the nation’s leading advocate for homeownership and housing issues, NAR understands how integral homeownership is to the nation’s economy. A strong housing market recovery is essential to the nation’s economic strength,” said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I. “The housing market is in a fragile recovery, and our goal is to ensure that regulatory or legislative changes help lead the way out of today’s economic struggles and not jeopardize the recovery.”
NAR is the leading voice for our industry and they’ve never been busier than now with regard to watching legislative and regulatory changes and reconciling them with what is best for the consumer. As busy Ventura Real Estate Professionals, we are also watching closely as the current administration rolls out their programs.
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