Feb
19
The main focus of the new economic stimulus plan should be reviving the real estate market. This is the main point that our new president should be looking at and addressing. This whole economic disaster is the result of problems in the housing market. Yet for some reason, the current economic stimulus bill that is set to go to the president does not include the needed provisions to help stabilize these real estate markets.
While both the House and Senate versions include things that realtors have been advocating through mass emailing campaigns, more changes are still needed. Specifically, the National Association of Realtors says that we need “increased resources for foreclosure mitigation to stem the flood of foreclosures.” Foreclosures are running rampant right now, and with that come a flood of bank owned short sales. These short sales devalue the surrounding properties, and the problem snowballs.
Yet these politicians seem to be more concerned with pork barrel projects that would help their constituencies instead of helping the nation. This is where you come in! If you are a registered voter, send an email to your congressperson and your senator asking him or her to look out for your best interest. Ask them to make sure that the economic stimulus package helps the ailing and failing real estate market.
