Interest Rate Buy-Down is Major Element of NAR Housing Stimulus Plan
December 3, 2008 - Realty Times - Bob Hunt
At their recent meeting in Orlando, Florida, directors of the National Association of Realtors® (NAR) gave formal approval to NAR's Housing Stimulus Plan. The plan, to be submitted to Congress in its lame-duck session, is designed to end the free-fall of values in the housing market. It aims to do this by providing sufficient incentives to get potential buyers "off the fence." The plan has four points. More...