Your Trusted Real Estate Advisor

The National Association of Realtors® is working to help the housing market. One project now in place is for Realtors® to contact their senators and representatives asking for the “4-Point Plan” shown below to be implemented. I have sent a letter to Congressman Tancredo and Senators Salazar and Allard as a part of this project.

What's the plan?

• Make the $7500 first-time homebuyer tax credit available to all buyers and eliminate repayment requirements. The credit's limited availability and repayment requirement severely limit the credit's use and effectiveness.
• Make the 2008 FHA, Fannie Mae and Freddie Mac loan limits permanent. New rules for 2009 will reduce them. Now is not the time to limit mortgage affordability.
• Get the Treasury relief program back on track and target more funds to mortgage relief. Create a federal mortgage interest buy-down program to make below-market rates available and stabilize home prices.
• Permanently bar banks from engaging in real estate brokerage and management. The banks have proved they have enough to do to simply manage the loan process. Banks should not manage home sales and purchases.

Doing all we can ...