A Statement From National Association of Realtors® President Charles McMillan
WASHINGTON, Dec. 4 /PRNewswire/ -- The following is a statement from National Association of Realtors(R) President Charles McMillan:
(Logo: http://www.newscom.com/cgi-bin/prnh/20080923/NARLOGO)
"The National Association of Realtors(R) has been advocating a four-point plan to help stimulate and stabilize the housing market and the overall economy. Part of the plan calls for changes in how the Treasury uses TARP funds and other monies to lower mortgage interest rates.
"We are pleased to see that the leadership of the Treasury Department is seriously considering the actions we discussed to lower interest rates. The result of such action will help the nation's economic recovery and bring stability to the housing market.
"NAR estimates that lowering the mortgage interest rate by 1 to 2 percentage points can result in up to an additional 800,000 home sales. Housing has always led our economy out of downturns and lower interest rates are key to bringing home buyers back to the market.
"We strongly encourage the Treasury to move quickly with its plan to lower interest rates to encourage current buyers to act rather than continue to wait."
The National Association of Realtors(R), "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.
Information about NAR is available at http://www.realtor.org/. This and other news releases are posted in the Web site's "News Media" section in the NAR Media Center.
REALTOR(R) is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS(R) and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS(R). All REALTORS(R) are members of NAR.
CONTACT: Mary Trupo of the National Association of Realtors, +1-202-383-1007, mtrupo@realtors.org
Keep in Mind Folks that places like FindArticle are a way of PR, a way of getting the word out, though as we mentioned before Realtor Does not really have a clue on this when we got to the top of the Search Engines with the New NAR president as a search term after 4 days of our site launch.. anyway Charles McMillan should NOT get to "Encourage" the Treasury to DO ANYTHING. as a Real Estate Broker owner, EX-Realtor, I know what goes on in the Real World Of Real Estate. The Lenders, Mortgage Brokers, Appraisers all orchestrated by the Realtors. NAR and the National Association of Realtors are Responsible for the MESS that Fannie and Freddie got into, and the Lenders encouraged it and NOW the Realtors New President is Yapping about what to do next to fix the mess the Realtors got them in into the First Place...
Charles McMillan and the Association of Realtors, has what looks like paid staff to promote them and their ideas online yet we are number 2 in Google for "Charles McMillan" in 4 Days.. what are the Realtors Missing hmmmm...
Charles McMillan says, "NAR estimates that lowering the mortgage interest rate by 1 to 2 percentage points can result in up to an additional 800,000 home sales. Housing has always led our economy out of downturns and lower interest rates are key to bringing home buyers back to the market." Now isn't this a GREAT Solution, hurry up and get people into those loans and into those houses and get those Realtors back to work....
and at the Bottom of all their Self Promoting Media, they put some Gibberish about how the Realtors "subscribe to its strict Code of Ethics" when the Realtors PUT no effort into making sure that the Realtors in the Real World of Real Estate actually follow the Code of Ethics, nor do the Realtors Association put effort into monitering the Quality of the Data the Realtors put into the MLS that affect the Values that Lenders Put on Real Estate. Realtor want E and O insurance knowing Full well that it WILL NOT protect the Real Estate Consumer... Do Not Believe the Media the Realtors, the National Association of Realtors puts out. It is SERIOUSLY biased and in No Way what is Best for the Real Estate Consumer. I personally feel that the REALTORS making a Public Statement about what the Government, Treasury and the Financially Industry should do is a Violation of Anti-Trust in and of itself... they should be ignored...
