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Realtors met last week in Washington DC for the NAR Mid-Year Political Legislative Meetings. 

These meetings address pressing issues related to today’s housing market, particularly those related to access to and opportunities for property ownership,” said Nancy Fish, President of GKAR and owner of Park Place Real Estate in Kalamazoo. “Last week, REALTORS® made lawmakers aware of how important it is to ensure that anyone who is able and willing to assume the responsibilities of owning a home can do so, now and into the future. The meeting with a few other GKAR members and Congressman Fred Upton focused on issues surrounding the real estate market in the Kalamazoo area, including ensuring access to affordable mortgage products for potential property owners, reforming the secondary mortgage market so that a continual flow of mortgage liquidity is available in all markets, and preserving tax benefits for real estate ownership, including the mortgage interest deduction (MID). We also urged Congressman Upton to support requirements and practices to streamline short sales.”

The time to buy is now, in 2009.  By investing now you will gain equity during the recovery phase of the economy. 

Real estate prices will not stay this low forever and neither will interest rates.