The National Association of Realtors has set up this web link for updates on what is happening across the nation in regard to the bailout - www.realtor.org/creditcrisis.
Realtors across the nation are torn. The bill has good points and points of concern. Get your information straight from NAR, who turns 100 years old this year. NAR was there for the Great Depression. NAR was there through times of war. Housing is a basic human need. People will still have reasons to sell homes and purchase new homes now, as we have seen through every up and down in our economy in our past.
From my own experience as a Realtor in the DFW Metroplex, my brokerage has seen an upswing in our business of 14% so far this year. The North Texas region as a whole has gone down 19%. When you stay informed, you can adjust with the market conditions and see opportunities to continue helping people achieve their goals. We're the #2 company in our brand in the nation right now - and because we have seen the opportunities to keep selling real estate this year, we have all agreed to sell 2 more homes than we did last year. Realistically, we're selling in DFW where we did in 2006. We had a good year in 2006. But we're agreeing to sell 2 more homes than we did in 2007 - a RECORD sales year in DFW's housing market. It's not the Great Depression here. We're still a city of inward migration. We have a great corporate footing, with dozens of healthy Fortune 500 companies. We have great weather, job growth, and affordable housing. It isn't the gloom and doom here that the media wants you to believe because gloom sells newspapers and gets you to tune in on tv.
Realtors were here in 1908 to serve the American people's interests and help them achieve their goals. We do the same thing in 2008. We're 1-million strong. Allow us to help. That is why we are here.