News Summary for May 23, 2006
Last week over 10,000 REALTORS® attended the Midyear Legislative Meetings & Trade Expo in Washington, a record attendance. NAR has also officially reached the 1.3 million member mark. Today's WSJ mentioned NAR's Public Awareness Campaign, which focuses on the obstacles of selling a home on your own and the benefits of using a REALTOR®. Saturday, NAR's board voted to raise funding for the campaign in 2007 to $30 million. During the meetings, NAR released a new study of Baby Boomers revealing that they overwhelmingly channel their concerns over finances into real estate. Almost eight out of 10 own their home and one-quarter own one or more other kinds of real estate in addition to their primary residence. While in town, thousands of REALTORS® visited Capitol Hill to help Sen. Michael Enzi (R-Wyo.) get small business health care plan legislation passed during this session of Congress and to press for congressional oversight of regulators trying to expand bank powers into the real estate arena.
