The National Association of REALTORS, of which I am a member, typically does a fair job with vision and lobbying. Unfortunately they've recently steered off the tracks with their push to support a new housing stimulus bill. These are the issues I have in particular: The plan to turn the $7500 15 year interest-free loan for first time buyers into a $7500 GIFT for ALL buyers. This plan would definitely spur housing sales, but does so by just indiscriminately throwing money at the problem. There are many areas … [Read more...]
Feds: Don't Artificially Inflate Housing Market
Filed Under: Community Issues, Foreclosures and Short Sales, Mortgage Rates, Opinion Tagged With: foreclosures, lobbying, NAR
