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NAR welcomes President Obama and his administration

The National Association of Realtors® is welcoming President Obama and his administration, and pledge to work with him to stabilize the U.S. housing market.

“We welcome President Obama’s efforts on foreclosure prevention and agree that addressing rising foreclosures and strengthening existing home sales and housing initiatives are critical components to a housing and economic recovery,” NAR President Charles McMillan said.

McMillan says NAR will continue its focus on policies that will help get buyers into the market to reduce inventory and stabilize home prices. “This is the only way to successfully improve and sustain the housing market and the nation’s economy,” McMillan.

McMillan this month also said NAR is pleased that Congress is working to ensure that any additional Troubled Asset Relief Program initiatives or economic stimulus package include provisions that will stimulate home sales, prevent foreclosures and restore conidence in the housing market. 

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