NAR Testifies Before Congress

September 6, 2006 Posted In Economic News Real Estate News

NAR testified to Congress recently that if government regulations were not set properly could reduce the flow of capital to commercial real estate and weaken a robust commercial real estate market.

An example of this could be seen in the local real estate market. Faulty regulations are partially to blame for the mess with homes and condos that was seen this past year. It could also be seen in the debacle of Louisiana homes after hurricane Katrina.

Well written government regulations are important to the success of the local real estate market, as well as any other housing market. NAR will continue to testify and advise Congress on how best to boost the national real estate market.