“As the leading advocate for homeownership and housing issues, Realtors® want our country’s current and future leaders to understand the vital role realestate plays in both the long- and short-term health of this nation,” said Denise Pilkington, President of the Johnston County Association of REALTORS®. “That is why we will join forces this on May 17 in Washington. Realtors® believe that everyone should have the opportunity to pursue the dream of homeownership, and we will fight against obstacles that make it more difficult for people to buy, own and invest in real estate.”
The Rally to Protect the American Dream will take place in front of the Washington Monument on the morning of May 17 in Washington, D.C. Members of Congress will join Realtors®as they hear from speakers about how homeownership
issues affect individuals, communities, small businesses and the nation. The rally will also highlight the important role housing plays in the economic recovery.
Speakers include National Association of Realtors® President Moe Veissi, NAR Chief Economist Lawrence Yun, California Association of Realtors® Treasurer Chris Kutzky, Florida State Representative and Realtor® Matt Hudson, Certified
Commercial Investment Member Greg Hrabcak, as well as U.S. Rep. Steny Hoeyer and U.S. Sen. Johnny Isakson. Approximately 10,000 Realtors® areexpected to attend the rally. The rally is also part of NAR’s Midyear Legislative Meetings & Trade Expo taking place in Washington May 14-19.
Recent opponents have said the government should take a step back in its role to further homeownership and that homeowners shouldn’t be able to take advantage of certain tax benefits. Critics have also voiced concerns that owning
a home may not be a wise investment.
NAR says issues like the mortgage interest deduction, foreclosures and short sales, affordable financing and available credit don’t just affect people who own a home – homeownership shapes communities and strengthens the nation’s economy. The Johnston County Association of REALTORS® also points out that housing is a key driver in our national economy. Housing accounts for more than 15 percent of the U.S. Gross Domestic Product and home sales in this country generate more than 2.5 million private-sector jobs in an average year.
“Over the past few years members have seen buyers in Johnston County with good jobs and strong credit histories turned down for loans,” said Pilkington. “They have also seen hardworking families unable to refinance into a lower
monthly mortgage payment and people losing homes to foreclosure because the bank was too slow to process a short sale. These problems are happening in every neighborhood across the country, and Realtors® are more determined than ever to fight against these obstacles and make sure the American Dream of homeownership is protected for current and future generations.”
For more information about the Rally toProtect the American Dream, visit www.realtorrally.org.