Realtors Welcome President Barack Obama

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(WASHINGTON, DC) -- The following is a statement by National Association of Realtors® President Charles McMillan:

"Today is truly an historic day for our country. On behalf of NAR's 1.2 million Realtors®, we welcome the new president and his administration, and pledge to work with him to stabilize the U.S. housing market and set the economy on the road to recovery.

"President Obama has pledged to work with Congress to immediately implement aggressive policies to decrease the number of preventable foreclosures by helping to reduce mortgage payments for responsible homeowners. We welcome President Obama's efforts on foreclosure prevention and agree that addressing rising foreclosures and strengthening existing home sales and housing initiatives are critical components to a housing and economic recovery.

"NAR will also continue to focus on policies that will help bring buyers back to the market to reduce inventory and stabilize home prices. This is the only way to successfully improve and sustain the housing market and the nation's economy.

"The president has a tough job ahead of him with many hurdles. NAR looks forward to working with President Obama and his team, and to quickly move forward with meaningful legislation and policies to help make homeownership once again a part of the great American dream."

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.
 

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For more real estate industry news and trends from the National Association of REALTORS, visit www.Realtor.org.

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