Wednesday, June 3, 2009

HUD Guidance on Monetizing the Tax Credit

I want to take just a few minutes to update you on some important developments on the regulatory front and highlight two excellent new member benefits.

As you know, NAR held our first-ever Real Estate Summit during the Midyear Legislative Meetings in May. The event was a resounding success. Please take a few minutes to watch the video and listen to what top government officials and industry experts had to say about the challenges we are facing.

http://www.realtor.org/meetings_and_expo/midyear_and_trade_expo/real_estate_summit

As a direct result of our Summit, we have made progress on two critical issues: improving the short-sale process and HUD’s efforts to monetize the first-time homebuyer tax credit. My latest podcast includes updates on both topics. Please listen and send to your fellow members.

http://www.realtor.org/about_nar/presidents_report/_podcast_archive/mcmillan_hudguidlines_20090602

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