Realtors(R) Urge Increased National Loan Limit as Vital to Housing Market
U.S. Newswire, March, 2008
To: REAL ESTATE EDITORS
Contact: Mary Trupo of the National Association of Realtors, 1- 202-383-1007, mtrupo@realtors.org
WASHINGTON, March 6 /PRNewswire-USNewswire/ -- The National Association of Realtors(R) today called on the U.S. Senate to enact reform legislation for the nations government-sponsored enterprises (GSEs) that will protect the vibrancy, liquidity and stability of the U.S. housing finance system.
In testimony before the Senate Committee on Banking, Housing and Urban Affairs, NAR urged the Senate to permanently raise the national GSE conforming loan limits to $625,000 with an additional increase of 125 percent of the local median home-sales price in high- cost areas.
We believe this move will boost the housing market and the economy by...
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