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
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at @DevOpsSummit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, presented a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mocku...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, 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 database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Graylog, Inc., has added the capability to collect, centralize and analyze application container logs from within Docker. The Graylog logging driver for Docker addresses the challenges of extracting intelligence from within Docker containers, where most workloads are dynamic and log data is not persisted or stored. Using Graylog, DevOps and IT Ops teams can pinpoint the root cause of problems to deliver new applications faster and minimize downtime.
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that HPM Networks 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. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...