{"id":5554,"date":"2008-11-12T15:30:00","date_gmt":"2008-11-12T22:30:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=5554"},"modified":"2008-11-12T15:30:00","modified_gmt":"2008-11-12T22:30:00","slug":"nar-promotes-housing-stimulus-plan","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5554\/nar-promotes-housing-stimulus-plan\/","title":{"rendered":"NAR Promotes Housing Stimulus Plan"},"content":{"rendered":"

Here is a fresh bone for Bloodhounds to chew on.  This 4-point stimulus plan was approved by the NAR Board of Directors this past Monday and is being pushed heavily in Washington DC.  <\/p>\n

\n

The National Association of Realtors\u00ae<\/sup> will offer a four-point legislative plan to reinvigorate the housing market, calling on Congress to act during a lame-duck session. NAR believes the plan will give a boost to the economy and help to calm jittery potential homebuyers. <\/p>\n

The plan features such consumer-driven provisions as eliminating the repayment of the first-time homebuyer tax credit and expanding it to all homebuyers, making higher mortgage loan limits permanent, pushing banks to extend credit to Main Street, and prohibiting banks from entering into real estate. <\/p>\n

\u201cHousing has always lifted the economy out of downturns, and it is imperative to get the housing market moving forward as quickly as possible,\u201d said NAR President Richard F. Gaylord. \u201cIt is vital to the economy that Congress take specific actions to boost the confidence of potential homebuyers in the housing market and make it easier for qualified buyers to get safe and affordable mortgage loans. We are asking Congress to act right away.\u201d <\/p>\n

Gaylord, a broker with RE\/MAX Real Estate Specialists in Long Beach, Calif., said NAR, as the leading advocate for homeownership and private property rights, believes it is important for Congress to address the concerns and fears of America\u2019s families, much in the way it has addressed Wall Street turbulence. \u201cHousing is and has always been a good, long-term investment and a family\u2019s primary step towards accumulating wealth,\u201d Gaylord said. <\/p>\n

NAR recommends Congress pass new housing stimulus legislation that includes the following priorities: <\/p>\n

1. Remove the requirement in the current law that first-time homebuyers repay the $7,500 tax credit, and expand the tax credit to apply not only to first-time buyers but also to all buyers of a primary residence. <\/p>\n

2. Revise the FHA, Fannie Mae and Freddie Mac 2008 stimulus loan limit increases to make them permanent. The Economic Stabilization Act, enacted in February, made loan limit increases temporary, and Read more<\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Here is a fresh bone for Bloodhounds to chew on.  This 4-point stimulus plan was approved by the NAR Board of Directors this past Monday and is being pushed heavily in Washington DC.  The National Association of Realtors\u00ae will offer a four-point legislative plan to reinvigorate the housing market, calling on Congress to act during […]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[251,26,30],"tags":[],"class_list":{"0":"post-5554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","7":"category-lending","8":"category-supplanting-the-nar","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":17500,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17500\/overnight-news-doj-sues-nar-nothing-that-matters-changes-redfin-rejoices\/","url_meta":{"origin":5554,"position":0},"title":"Overnight News: DOJ sues NAR. Nothing that matters changes. Redfin rejoices.","author":"Greg Swann","date":"November 20, 2020","format":false,"excerpt":"I saw Housing Wire's story on the Department of Justice's anti-trust suit against the National Association of Realtors, and I thought: \"Yeehaw!\" But then I read Glenn Kelman's odd rejoicing, and I realized that the \"lawsuit\" is a done deal, and nothing that matters will have changed. Vide: From now\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14382,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14382\/what-does-it-mean-that-the-nar-wont-defend-itself-from-the-charge-that-it-was-the-sine-qua-non-cause-of-the-great-recession\/","url_meta":{"origin":5554,"position":1},"title":"What does it mean that the NAR won’t defend itself from the charge that it was the sine qua non cause of the Great Recession?","author":"Greg Swann","date":"April 1, 2011","format":false,"excerpt":"I threw down the gauntlet -- and not for the first time:It was the NAR that lobbied for each law and rule change that resulted in the housing boom, the sub-prime lending catastrophe, the wanton bundling of fraudulent loans, the on-going subsidization of the secondary mortgage market, etc. The villain\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13448,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13448\/never-forget-the-collapse-of-the-global-economy-was-caused-by-the-national-association-of-realtors\/","url_meta":{"origin":5554,"position":2},"title":"Never forget: The collapse of the global economy was caused by the National Association of Realtors.","author":"Greg Swann","date":"November 1, 2010","format":false,"excerpt":"Vickie Cox Golder, current Grand Poobah of the National Association of Rotarian Socialists, sends this little note:Tomorrow is election day. As a proud member of the REALTOR\u00ae Party, I hope that you will join me and the entire NAR leadership in casting your vote tomorrow for the candidates at the\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10081,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10081\/pent-up-demand-seen-in-purchase-ready-renters\/","url_meta":{"origin":5554,"position":3},"title":"Some Updates from the Marble Tower","author":"Dave Phillips","date":"October 14, 2009","format":false,"excerpt":"Here are a few pieces of kibble from NAR that I thought the Pound might want to chew on... \u00a0 Pent-up Demand Seen in Purchase-Ready Renters There are more than 16 million renter households in the U.S. with enough income to buy a home at the national median price, far\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/activerain.com\/image_store\/uploads\/7\/5\/9\/6\/8\/ar124076527886957.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17483,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17483\/overnight-news-why-would-i-pay-the-nar-to-threaten-my-livelihood\/","url_meta":{"origin":5554,"position":4},"title":"Overnight News: Why would I pay the #NAR to threaten my\u00a0livelihood?","author":"Greg Swann","date":"November 17, 2020","format":false,"excerpt":"I'm in the process of extricating myself from the National Association of Realtors. Every agent should be asking the question in the headline, but my reason is more comprehensive: I know who speech codes are for. I am very lucky to live in a free country \u2013 for now \u2013\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17472,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17472\/overnight-news-nar-goes-grasshopper-bans-brains-ants-to-respond-accordingly\/","url_meta":{"origin":5554,"position":5},"title":"Overnight News: NAR goes Grasshopper, bans brains. Ants to respond accordingly.","author":"Greg Swann","date":"November 14, 2020","format":false,"excerpt":"After watching one huge national institution after another destroy itself embracing woke politics, the National Association of Realtors yesterday put itself into the speech-code business. Smooth move. The NAR is a cabal of rent-seeking morons. They want to regulate speech as yet another way to eliminate smarter competition. The purpose\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=5554"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5554\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=5554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=5554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=5554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}