NAR Says Stimulus Bill Will Help Stabilize Housing And Mortgage Markets

The National Association of Realtors® congratulated House Committee on Financial Services Chairman Barney Frank, D-Mass. on his leadership and the U.S. House of Representatives for voting to pass H.R. 3221, The Foreclosure Prevention Act. Their actions will help bring stability to the housing market and stem the rising rate of foreclosures.
NAR has expressed ongoing support for all the major features in the House housing package. “Our Realtor® members appreciate the House’s hard work and bipartisan effort in bringing forth legislation that will go a long way toward helping people become and remain homeowners,” said NAR President Dick Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif. “We are pleased with the comprehensive nature of this bill.”