National Association of RealtorsÂ® President John Smaby issued the following statement after President Trump signed an Executive Order this week intended to combat housing affordability concerns across much of the nation.
â€śFour nearly four decades, U.S. household incomes have increased at a slower rate than home prices, a problem that was only made worse by the Great Recession,â€ť Smaby, a second-generation REALTORÂ® and broker at Edina Realty in Edina, Minnesota, said. â€śToday, despite historic economic growth and recovery, misguided regulations and gaps in new home constructions have stopped far too many Americans from purchasing a home.
â€śThe National Association of RealtorsÂ® thanks President Trump for taking much-needed steps to address housing affordability in this country, and we look forward to continuing to work closely with the White House to ensure the American Dream remains attainable for all those who seek to become homeowners.â€ť
Bonnie Roberts-Burke, 2014 PresidentÂ of the D.C. Association of RealtorsÂ®, was in attendance at the White House on Tuesday representing NAR. Roberts-Burke also served on NARâ€™s Board of Directors from 2014 to 2018, where she worked to highlight the housing affordability crisis in our nationâ€™s capital.
For more information, visit nar.realtor.