NAR Pushes Obama Administration to Host Summit on Housing Policy

To help develop policies that will stabilize the nation’s housing market and support an economic recovery, the National Association of Realtors (NAR) is urging the White House to host a summit of policymakers, industry leaders and government stake holders focused on revitalizing the nation’s housing. “As the leading advocate for housing issues, Realtors know that home ownership supports our nation’s economy,” said National Association of Realtors (NAR) President Ron Phipps, broker/president of Phipps Realty in Warwick, R.I. “Housing and homeownership issues affect all Americans, which is why we need strong policies that will help stabilize the housing market and lead the way out of today’s economic struggles.” NAR feels that housing recovery is key to America’s economic strength, and the association wants to make sure that proposed legislation and regulatory rules or changes to current programs and incentives don’t further exacerbate problems within fragile real estate markets across the country. According to NAR, a broad discussion among all stakeholders about what needs to be done to put the housing market and economy on a path to recovery could provide valuable recommendations and solutions to promote responsible, sustainable home ownership and stabilize and revitalize the housing industry and economy. “Realtors look forward to coming together and working with President Obama and his administration, as well as our industry partners to design a housing recovery plan that will serve our nation, its 75 million home owners and indeed all Americans today and into the future,” said Phipps.