This week, I had the opportunity to represent NAR at the National Association of Hispanic Real Estate Professionals at their annual conference in Phoenix, AZ. I participated on a panel that addressed how their members can succeed in this current environment. My focus, however, was on the shared priorities of both of our groups and how we are working together to tackle the major challenges facing our industry.
Right now, the major challenge facing every real estate organization is how we preserve the gains that we have made in homeownership within our communities and how, while working together, that we keep people in their homes.
At the federal level, NAR and NAHREP worked together to pass bills important to the housing industry:
• The Economic Stimulus Act which temporarily raised loan limits to help restore confidence in the market.
• The Housing and Economic Recovery Act, permanently raised loan limits, modernized FHA so that it can work better in today’s marketplace, and created a strong regulator for Fannie Mae and Freddie Mac.
These new laws will help make housing more affordable, and help real estate professionals put more individuals and families into homes. This is a good example of how two organizations can work together at three levels of government to benefit one great nation. — Vicki Cox Golder, 2008 First Vice President