Real estate is the engine that drives much of the U.S. economy, and Realtors are committed to revitalizing and reinvigorating the industry.
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Jacksonville, Fla. (Vocus) July 13, 2010
Carol Hill, president of the Northeast Florida Association of Realtors and senior vice president of Prudential Network Realty, joined more than 8,000 Realtors in Washington, D.C., last week to help reshape the real estate industry at the National Association of Realtors (NAR) 2010 Midyear Legislative Meetings & Trade Expo. Hill also met with lawmakers on Capitol Hill to urge action concerning some of the industry’s most challenging issues.
“As leading advocates for homeownership and housing issues, Realtors are working on the national, state and local levels to help reshape real estate in America,” Hill said. “We’re focused on issues that have a direct impact on the health and stability of not only the real estate market, but also the economy as a whole.”
This year’s meetings focused on public policy and included a three-day real estate summit, Realtors on the Rise: Stabilizing the U.S. Mortgage Finance Delivery System. The summit examined strategies and solutions for responding to today’s critical homeownership and mortgage finance challenges. Federal Housing Administration (FHA) commissioner David Stevens gave the opening address, emphasizing the fundamental role FHA played in helping stabilize the nation’s housing market. Stevens went on to discuss the market’s recovery, but warned of challenges ahead, advocating reform of FHA and the U.S. mortgage finance system.
While she was in Washington, Hill met with Rep. Andrew Crenshaw, Sen. Bill Nelson and Rep. John Mica on Capitol Hill to inspire action on NAR’s legislative and regulatory goals. Among the challenges Realtors addressed were increasing access to affordable property insurance, enhancing liquidity in the commercial market, supporting FHA, reforming government-sponsored enterprises Fannie Mae and Freddie Mac, and making higher loan limits for FHA and GSE loans permanent.
“This was an important opportunity for Realtors to actively engage lawmakers and press upon them the urgency of the industry’s most critical challenges,” Hill said. “Real estate is the engine that drives much of the U.S. economy, and Realtors are committed to revitalizing and reinvigorating the industry.”
Throughout the week, Realtors also participated in forums and sessions to explore ways to identify and motivate the next generation of leaders in the real estate industry, advance real estate technology and examine market trends.
Economy.com’s Mark Zandi and NAR Chief Economist Lawrence Yun shared their outlook for residential real estate, predicting that the market is slowly improving and reiterating that job creation and consumer confidence is critical to a full recovery. Veteran broadcast journalist Forrest Sawyer moderated a Realtor Town Hall Meeting during which panelists and Realtors identified opportunities for and challenges to strengthening and stabilizing the current mortgage finance system.
While at NAR’s Midyear Meetings, Hill also had the opportunity to explore the Midyear Trade Expo, which featured more than 100 exhibitors showcasing the newest real estate products and services. The Trade Expo helps Realtors stay on top of the latest industry innovations and how they are transforming the real estate business for Realtors and the clients they serve.
The National Association of Realtors, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
About Prudential Network Realty
Prudential Network Realty is an independently owned and operated franchise of the Prudential Real Estate Affiliates, Inc., one of the largest real estate brokerage franchise networks in North America. There are approximately 2,100 franchise offices and more than 68,000 sales professionals in the franchise network in the United States and Canada. Prudential Network Realty currently ranks in the top 1 percent of all Prudential Real Estate Affiliate offices nationwide.
Since 1988, Founder, President and CEO Linda H. Sherrer has led a team of more than 350 real estate professionals in eight branch offices in the buying and selling of residential property throughout Northeast Florida. During the past decade, the company has sold more than 20,000 homes valued at more than $6 billion. In 2008, Prudential Real Estate was ranked No. 1 in seller satisfaction by J.D. Powers and Associates.
Carol Hill, president of the Northeast Florida Association of Realtors and senior vice president of Prudential Network Realty, joined more than 8,000 Realtors in Washington, D.C., last week to help reshape the real estate industry at the National Association of Realtors (NAR) 2010 Midyear Legislative Meetings & Trade Expo.