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Dear Fellow REALTOR®:

Dear fellow Realtors I was not aware that I am helping this?! And I am not sure that this is a positive thing us and our industry. Please let me know what you think! Is this a positive change we needed or is it just buying few more months for this miserable real estate market by not letting it bottom out.

Dear Fellow REALTOR®:

Great News!! President Bush just signed into law the Housing and Economic Recovery Act of 2008. This is a major victory for REALTORS®, consumers, and our nation - and YOU helped make it happen!

Thanks to your advocacy, homebuyers will soon have access to more affordable financing, and first-time homebuyers (those who have not owned a home for three years) will receive a tax-credit to help them enter the market. For more details on all of the provisions in the new law, please use the link below.

http://www.realtor.org/gapublic.nsf/pages/hr_3221_key_provisions?OpenDocument

This victory shows just how much we can accomplish when REALTORS®, like you, get involved in politics. Here are two ways you can help keep the Voice for Real Estate strong in your state and on Capitol Hill:

Join the RPAC team!If you have not yet contributed or if you wish to make another contribution, now is the time. Just use the link below, enter your user name and password, and contribute to RPAC today.

http://www.realtor.org/rpacweb.nsf/pages/Howtocontribute?OpenDocument&Login

Answer the Call! Whenever you receive an e-mail from us, asking you to send a letter or make a phone call, please take the time to participate. All it takes is two clicks of your computer mouse. I know how busy you are, but these responses mean a lot to us and to your Members of Congress.

Remember, YOU are the Voice for Real Estate! Working "All Together," I am confident that we will keep the real estate market strong and increase our mutual success for many years to come.

Posted by Sonja Babic New Bern NC Prudential Clear Water Realty on 07/30/2008 08:56 PM

Comments (9)

sonja babic, new bern, nc, housing and economic recovery

9 Comments on Dear Fellow REALTOR®:

JUL

2008

I'm not at all sure the bill was positive. I'm afraid there will be a high price tag for taxpayers and that the gov is only prolonging the recovery. Time will tell.

It's a catch 22..something had to be done to jump start the industry again. Maybe this will be a positive..let's focus on that and we'll play it out and see........

Sonja,

You might be right, and we might be so miserably happy for some time.

Really not sure that the market needed that intervention, and do not think that goverment can "help" the economy to get over a crisis, but I am pretty sure that governement can prolong the crisis at quite hefty financial infusion. Or better say 'waste of taxpayers' money?'

Thank you Ron, that is my concern exactly but I have to wonder about NAR this year with all the silly TV ads and emails like this.

HollyI am strong believer of positive thinking but its been a long time....

Jon, Thank you it sure looks like a prolonged crisis to me.

I agree with Ron this just seems to be prolonging the much needed correction.

The next motivator will be an interest rate change that traditionally happens after a presidential election.

JUL

2008

Sonja,
I believe the jury is still out. We'll have to see how it plays out.

Sonja, great post and great question. There are those that say the government should stay out completely, others hail the Housing and Economic Recovery Act. I'm still so befuddled over this whole problem to begin with. Here in Raleigh we were fine and then all of a sudden TMLS announces that we're down 37%??? I really try not to be a Pollyanna BUT in MHO real estate is not tied to stocks and bonds and markets up or down. It's tied to life stuff - like job changes/opportunities, babies being born, retirement years... so just WHY all the negative information about the real estate crash? In any event - I'm off to deliver an offer - I guess I'll just keep doing what we do - help people buy homes....

Raleigh Realtor - Pamela St. Peter

Your connection to Raleigh Real Estate

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