National Association of REALTORs Supports Economic Bailout
October 3, 2008
Not surprisingly, the National Association of REALTORs (NAR) supports the economic bailout currently packaged as the Emergency Economic Stabilization Act of 2008 that was recently approved by the Senate. It is felt that this piece of legislation will help ease the financial purse strings of market, and start getting things in a more positive vein. The belief is, that without a real estate market recovery, there simply will be no economic one. The NAR Chief Economist Lawrence Yun believes that the numbers reported by the media for the package, may actually be lower. It is hoped that this will help stabilize home prices by making more mortgages available to prospective buyers [as well as providing additional monies for persons seeking credit (for use to make car purchases, or even paying their children's college tuition)].
Comments
3 Responses to “National Association of REALTORs Supports Economic Bailout”
Got something to say?
Polls
Loading ...
Who will bail out real estate professionals? It seems that the sales industries are going to pot. Individuals are leaving the industry since they cannot support their families. Companies are closing down. People have lost trust in the economy…. I think it’s time to send out stipends to the brokers and agents alike…..
NAR should not support a failing system that is going bankrupt or already is. No economy is to big to fail. What happens when the bailout money is used up and the temporary bandage does not work? We need a permanent solution which means do the tough things including living our wage.
The National Association of Realtors says sales of existing homes fell 3.1 … The latest economic survey by the nation’s leading small business group,