Click here to close now.




















Welcome!

News Feed Item

The Time Is Now for Lawmakers, Real Estate Industry to Secure Future of Homeownership

SAN FRANCISCO, CA -- (Marketwired) -- 11/08/13 -- The nation's housing markets gained traction in 2013, but lingering uncertainties will prevent a full housing market recovery, according to 2014 National Association of Realtors® President Steve Brown in a news conference today during the 2013 Realtors® Conference and Expo.

"As the leading advocate for America's property owners, Realtors® know that homeownership benefits individuals and families, strengthens our communities, and is integral to our nation's economy," said Brown, co-owner of Irongate, Inc. Realtors® in Dayton, Ohio. "Critical housing industry issues must be addressed before a full housing market recovery can occur. The time is now for policymakers to make housing a priority and to tackle the difficult decisions about the future of the housing sector; otherwise uncertainty will continue to plague the market."

Brown said Realtors® have worked closely with lawmakers and federal agency officials to advocate public policies that promote responsible, sustainable homeownership and to lay the groundwork for a better mortgage finance system. This includes establishing critical lending protections for consumers, reducing risky loan products and creating prudent underwriting standards for lenders. However, a better and sounder housing finance system requires Congress to move ahead with reforms to the government-sponsored enterprises Fannie Mae and Freddie Mac.

"The housing market is showing solid signs of recovery, but until difficult decisions are made about tax reform and the future of mortgage finance markets, a full real estate and economic recovery will remain exceedingly difficult," said Brown.

NAR has urged lawmakers to move forward to enact comprehensive legislation that would restructure the secondary mortgage market with a government guarantee. A government guarantee is critical to ensuring that creditworthy borrowers have access to credit during all market conditions and guaranteeing the availability of a wide range of safe, reliable mortgage products like 15- and 30-year fixed-rate loans. Brown said reforming the secondary mortgage market will also help bring greater amounts of private capital into the mortgage finance market.

"Consumers must have access to affordable mortgage products so they can attain the American dream of homeownership and begin to build wealth over the long term," said Brown. "Realtors® stand ready to work with members of Congress to design an efficient and regulated secondary mortgage market model that encourages the return of private capital and serves the nation and its 75 million homeowners now and into the future."

Brown said now is also the time for lawmakers to stand up for homeownership and the value that it brings to the country by fostering communities, creating social stability, and helping build long-term wealth. He said lawmakers must preserve property and homeownership tax policies as they consider federal tax reform.

"Congress should do no harm to homeowners or housing markets by maintaining current federal tax policies," said Brown. "Reducing or eliminating the current tax treatment would simply raise taxes on homeowners, who already pay 80 to 90 percent of U.S. federal income taxes.

"The nation cannot have a robust housing recovery, and therefore an economic recovery, until these important policy issues are addressed. The role of a Realtor® goes far beyond the real estate transaction. As congressional leaders move ahead with reforms, Realtors® are actively engaged in and committed to protecting America's current and future homeowners and the homes in which they make memories and build their futures."

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.realtor.org. This and other news releases are posted in the "News, Blogs and Video" tab on the website.

For further information contact:
Sara Wiskerchen
202-383-1013
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.