By Groups applaud passage of economic rescue bill
Praise from real estate and other groups is pouring in over the passage of the economic rescue bill that President Bush has now signed into law.
"This legislation is critical to stopping the economic turmoil that millions of Americans are facing," Dick Gaylord, president of the National Association of Realtors®, said in a statement. "Today’s action will go a long way toward ending the current economic crisis crippling the housing and financial markets."
California Association of Realtors® President William E. Brown said his association applauds the bill’s swift signature by President Bush.
“The health of the nation’s housing market is critical to the financial well being of every household in the country, and is front and center here in California,” Brown said.
Over at the National Association of Home Builders, Chairman Sandy Dunn had this to say: “Hopefully, this (bill) will set the stage for rebuilding confidence, restoring the availability of credit for businesses and consumers, and reversing the downward spiral in home prices and rising foreclosures that are root causes of today’s financial turmoil,” Dunn added.
And, John A. Courson, the chief operating officer of the Mortgage Bankers Association, says the bill “will enable financial institutions to offer credit so individuals can purchase homes and other items and businesses can continue to operate and grow.”
See Also
- Intero Real Estate Services- Find Real Estate, Property For Sale, Homes For Sale
Intero Real Estate Services is one of the premier real estate brokerages, with offices in Arizona, California, Colorado, Florida, Hawaii, Nevada and Texas. - National Association of Realtors
The National Association of Realtors is America’s largest trade association, representing 1.3 million members. - California Association of Realtors
C.A.R. is a statewide trade association dedicated to the advancement of professionalism in real estate. - National Association of Home Builders
The National Association of Home Builders is a trade association that helps promote the policies that make housing a national priority. Since 1942, NAHB has been serving its members, the housing industry, and the public at large. - Mortgage Bankers Association
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry.
