Thursday, January 22, 2009

NAR & Housing Crisis

The National Association of Realtors have welcomed our new President Barack Obama with open arms, and will assist in the improvement of our current housing crisis across the country. With 1.2 million Realtors in the U.S., the President of NAR, Charles McMillan will work with Congress to implement policies to decrease the number of preventable foreclosures. Some policies include reducing mortgage payments, and reducing current interest rates to assist homeowners to remain in their properties and maintain current abandoned properties, to keep neighborhoods maintained. This is expected to reducing the number of foreclosures and strengthen existing home sales.

NAR will continue to focus on policies that will bring buyers back to the market to reduce inventory, and stabilize home prices. This can only happen if we can improve the housing market and the nation's economy.

Joan Cox, GRI,ABR,CRS,e-Pro
Metro Brokers - Turning Point Real Estate, Inc.
Centennial, CO 80111
720-231-6373
www.JoanCox.com