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Realtors Urge Action on Debt Ceiling

Media Contact: Stephanie Singer / 202-383-1050 / Email

WASHINGTON (July 29, 2011) - The following is a statement by National Association of Realtors® President Ron Phipps.


“The National Association of Realtors®, on behalf of its 1.1 million members, their clients and customers, and the nation’s 75 million homeowners, urges Congress to resolve the mounting debt ceiling crisis before the August 2 deadline.

“Until a resolution is reached, Congress will be unable to address the myriad issues facing the nation’s families, communities, and economy. The indecision in Congress is paralyzing progress on other fronts, and it is harming home buyer confidence and negatively affecting home sales.

“Realtors® sincerely hope that members of Congress can come together on this issue so that the country can move forward toward a housing and economic recovery.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

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Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section.