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Home Ownership Matters

Home Ownership Matters

It’s more important than ever to support responsible home ownership.

  • Any changes to the mortgage interest deduction now or in the future could threaten recent progress toward stabilizing the housing market, critically erode home prices and values, destroy middle-class wealth accumulation and hurt economic growth.

  • If regulators get their way, many qualified home buyers in Memphis, Tenn., may be shut out of the market very soon. That’s one of the reasons the National Association of Realtors® will be in town this weekend as part of its Home Ownership Matters Bus Tour.

  • As NAR’s Home Ownership Matters bus crosses Alabama this week, Realtors® are providing assistance to victims of the April 27 tornadoes with funds raised from Realtor® donations across the country.

  • The long-term viability of America’s housing finance market requires comprehensive reform of the secondary mortgage market. Toward that end, the National Association of Realtors® supports H.R. 2413, the “Secondary Market Facility for Residential Mortgage Act of 2011.”

  • According to the 2011 National Housing Pulse Survey released today by the National Association of Realtors®, 72 percent of renters surveyed said owning a home is a top priority for their future, up from 63 percent in 2010.

  • The ability to buy, sell and own property has defined our nation throughout its history, and as the U.S. prepares to celebrate its 235 birthday, Americans continue to reaffirm their support of and aspirations toward home ownership.

  • Seventeen local and state Realtor® associations have been awarded over $60,000 through the Housing Opportunity Program Grants, a National Association of Realtors® grant program. The funds will be used by the associations to promote and expand affordable housing opportunities in their communities.

  • The U.S. continues to remain a top destination for foreign buyers as international purchases surged by $16 billion this year, one of the highest increases in recent years.

  • While the past few years have been challenging for many, owning a home continues to be a goal for Americans of every background, according to John D. Trasviña, Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development.

  • A panel of industry experts told several thousand Realtors® gathered at a special symposium that the pendulum on mortgage credit has swung too far in the other direction after the recent housing downturn and is putting an unnecessary burden on creditworthy consumers, impeding the economic and housing market recoveries.

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