Golder: Stand Up for Home Ownership
2010 NATIONAL ASSOCIATION OF REALTORS® President Vicki Cox Golder on Thursday urged real estate practitioners to confront those questioning public support of home ownership.
“It’s time to stand up and tell the world that home ownership is still the heart of the American Dream,” Golder said to a packed ballroom of REALTORS® at the REALTORS® Conference & Expo in New Orleans.
NAR’s Home Ownership Matters campaign aims to help the public understand the value of responsible, sustainable home ownership, and to preserve federal home ownership incentives, such as the mortgage interest deduction. After Golder’s speech, 2011 NAR President Ron Phipps took the stage to interview FHA Commissioner David Stevens.
Stevens echoed Golder, saying that banks must realize the importance of making mortgage money readily available. He criticized the banks’ current “one-size-fits-all” approach to mortgage lending, and said lenders should looking at potential borrowers’ files more comprehensively, considering other factors besides a simple credit score.
“(These policies) are restricting home ownership, and we need to do something about that,” Stevens said. “One-fifth of the gross domestic product of the U.S. economy is tied to the housing sector, so home ownership matters.”
But Stevens cautioned that lending isn’t the only challenge today. The real estate industry also must close a “trust deficit” with Americans, especially with echo-boomers in their early 20s to early 30s who represent the future of real estate demand.
“We’ve got to weed out the bad players,” Stevens said to loud applause.“Shed the light on anyone who’s just out to make a buck. We need to have very accountable and responsible behavior.”
Phipps agreed, saying that it’s no longer good enough to tell customers that it’s a good time to buy a home. “Yes, the market fundamentals are good,” he said. “But we need to rebuild confidence.”
Some 20,000 REALTORS® and guests are in New Orleans Nov. 5-8 for NARdiGras 2010, the REALTORS® Conference and Expo.
New York Real Estate Access | Your Access To Every Home On The MLS!
* Instant access to all MLS listings
* Receive future email updates of new listings they day they hit the market!
* Save listings, searches, email friends, and more...
Start Searching For Homes Today!
Tayeb Realty Group | Real Estate Professionals
Search for Homes!
- March 2012 (24)
- February 2012 (12)
- January 2012 (2)
- October 2011 (1)
- July 2011 (12)
- June 2011 (8)
- April 2011 (9)
- March 2011 (6)
- February 2011 (15)
- January 2011 (28)
- December 2010 (18)
- November 2010 (18)
- October 2010 (21)
- September 2010 (21)
- August 2010 (20)
- June 2010 (32)
- May 2010 (27)
- April 2010 (50)
- March 2010 (33)
- February 2010 (41)
- January 2010 (33)
- December 2009 (39)
- November 2009 (15)
- October 2009 (4)
Error: Twitter did not respond. Please wait a few minutes and refresh this page.
- $8000 credit (TARP) 30-year mortgage rates 2009 NAR Profile of Home Buyers and Sellers adjustable rate mortgage (ARM) American housing market an energy-improvement mortgage (EIM) Appraisal Atlanta average interest rate Bank-owned properties Bank of America Corp. bank or lender Bank repossessions Basement Remodel Beacon Economics Bedroom Remodel Ben Bernanke better house better resale value beyond. Some believe VOWs could also pave the way for a comprehensive Multiple Listing Service Bloomberg News borrower borrowers borrow more Broker brokerage listings Build-to-suit commercial real estate credit credit report credit score economic recovery existing-home sales Federal Housing Administration FHA FHA loans First-time home buyers First-Time Home Buyer Tax Credit fixed-rate mortgage foreclosure Foreclosures home buyer tax credit home owners Homeownership home prices home sales Home Values housing market interest rates IRS loan mortgage mortgage applications Mortgage Bankers Association mortgage payment Mortgage Rates mortgages NAR National Association of Realtors new york real estate office space properties property values real estate real estate market real estate news real estate trends REALTORS refinancing Remodeling Short Sale tax credit Tax Incentives value of home