December 2, 2011
Here are some bits and pieces from the National Association of Realtors Conference held in Anaheim, California from November 10-14th:
- The Realtor Relief Fund was established on September 12, 2001 to help survivors of 9/11 stay in their homes. $8.5 million was distributed in three months. 100% of donations go to survivors of disaster, and since inception, $22 million has been distributed for 30 disasters.
- NAR is calling on Congress to not risk weakening the housing market any further and to DO NO HARM. They’re asking for a re-write of Dodd-Frank, a restoration of higher loan limits, and to resist proposals to change housing tax incentives now or in the future. They are calling on the White house to hold a housing summit to articulate a new housing policy.
- Right now, we are seeing the greatest transfer of wealth from generation to generation around the world.
- In China, per person income is 10% of that in the United States. The economies of China, Japan and Germany equal the U.S. economy.
- Housing accounts for 15% of GDP. Home sales generate more than 2.5 million private sector jobs in an average year. For every two homes sold, a job is created.