The National Association of REALTORS® (NAR) launched a public awareness campaign this year to remind the public and our nation’s decision makers that home ownership not only benefits families, it also helps build strong communities and creates jobs. The NAR campaign ads emphasize several key points, such as:

  • For every two homes sold, one job is created  
  • Each home purchased pumps up to $60,000 into the economy

Home ownership accounts for over $2 trillion of the U.S. Gross Domestic Product with some saying housing is responsible for 10% of the U.S. economy.

So why isn’t the government insisting the banks lend to home buyers to jump start this economy? They can bail out the banks and insurance companies, but what about homebuyers? The recent tax credit helped get real estate sales going. There must be another good idea the government can enact. And for those of us in the expensive coastal markets, we would love to see that conforming loan limit raised again.

Posted by:  Judy LeMarr