Residential Real Estate News
Obama Victory: What It Means for Real Estate
(WASHINGTON, DC) - With the election of Sen. Barack Obama (D-Ill.) as president of the United States, and gains by Democrats in U.S. House and Senate races, one big questions is on many REALTORS®' minds: How will the new government leadership affect the housing industry's ability to move forward with its top legislative goals?
"We're in a good place," says 2009 NAR President Charles McMillan. "REALTORS® are excited by this historic election and stand ready to work with our new president and the new Congress on issues that are at the heart of the American dream of homeownership."
The availability of affordable mortgage financing and affordable health insurance top REALTORS®' legislative priority list; more important, those issues are also priorities for both major parties.
"There is no partisan divide when it comes to homeownership, strong communities, affordable health insurance, and strong commercial real estate markets," McMillan says.
