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2011-09-12 14:38:43
NAR Scores Requested Housing Summit

Empty table with chairs surrounding itI recently discussed the National Association of Realtor’s request for a housing summit with policy makers, industry leaders and government stake holders. I’m happy to announce the summit request was approved and NAR will host it.

The idea here is to “develop strategies to help stabilize and revitalize the nation’s housing market and economy,” according to an Aug. 31 NAR press release.

If you have a Salt Lake City home for sale, or if you you’re looking for a Salt Lake City home to buy, you know the market is fickle and—quite frankly--still a buyer’s market. That’s a good thing in many ways if you’re a buyer. However, we’re all subject to major economic forces and in the end a market that remains down or stagnant for too long effects jobs, commercial sales, and sales tax revenue. There is a wide range of potential long-term ramifications and none of them are pretty. This is definitely a topic worth gathering around the table to discuss.

No date has been announced, but the event will take place early in October in Washington, D.C. In the end, NAR is asking for strong housing policies to make the market more stable. Legislators, government officials, and top business leaders are all likely to participate. Of course the nation’s top industry executives will be included. The summit must not take place without economists primed to talk turkey about a solid housing recovery plan.

Will the summit produce real plans, honest solutions, and a clear trail through this economic labyrinth? Or will it simply offer more political rhetoric to make Americans feel like the issue is being addressed? This book isn’t finished yet and the chapter has just begun. Let’s hold out hope and have a little faith in the process.

I applaud NAR for pulling this together and our country’s leaders for agreeing to participate.

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