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Rally to Protect the American Dream
May 17, 2012
New Jersey REALTORS® Attend Rally to Protect the American Dream
(Edison, NJ) – Early this morning, nearly 250 REALTORS® from New Jersey joined over 13,500 REALTORS® from across the country to rally in Washington, D.C. to protect the American dream. The rally’s main goal was to urge Congress to take steps to strengthen the real estate industry, ensuring that homeownership, housing and real estate issues continue to be a public policy priority in this country.
“As the leading advocate for homeownership and housing issues, REALTORS® want our country’s current and future leaders to understand the vital role real estate plays in both the long- and short-term health of this nation,” said Gary Large, President of the New Jersey Association of REALTORS® (NJAR®). “That is why we joined forces in Washington today. 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, which is part of the NATIONAL ASSOCIATION OF REALTORS®’ (NAR) Midyear Legislative Meetings & Trade Expo, took place in front of the Washington Monument this morning. Members of Congress united with REALTORS® as they heard from speakers about how homeownership issues affect individuals, communities, small businesses and the nation. The rally also highlighted the important role housing plays in the economic recovery.
“It was important to us that REALTORS® from New Jersey be a part of this historic rally. Our campaign for the past year has been driving the message that the American dream is still alive and well in the Garden State. Prices are affordable, interest rates are low – if you have the financial ability to purchase a home, now is the perfect opportunity to do so. It is possible to have your piece of the American dream. Our REALTORS® believe that, and I am happy to say that New Jersey had one of the largest showings of REALTORS® at the rally,” said Jarrod Grasso, NJAR® CEO.
Speakers included NAR 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 Hoyer (D-Md.) and U.S. Sen. Johnny Isakson (R-Ga.).
According to NAR, 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.
NJAR® also points out that housing is a key driver in our state and national economies. 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. A report compiled by NAR in February, 2012 found that the real estate industry accounted for 20.2 percent of the Gross State Product in 2010.
“Over the past few years members have seen buyers in New Jersey with good jobs and strong credit histories turned down for loans,” Large added. “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 this morning’s Rally to Protect the American Dream, visit www.realtorrally.org.
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The New Jersey Association of REALTORS® is a non-profit organization serving the professional needs of approximately 42,000 REALTOR® and REALTOR-ASSOCIATE® members in the state. REALTOR® is a registered collective membership mark which may be used only by real estate professionals who subscribe to the REALTOR® organization's strict Code of Ethics and are members of the national, state and local REALTOR® organizations. For more information, please visit www.njar.com.
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