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Government Foreclosure to Rental Pilot Programs Not Needed In Most Markets, Say Realtors®

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WASHINGTON (March 1, 2012) – Housing markets are complex and varied, and a government pilot program to turn bank-owned properties into rentals could be disruptive and counterproductive in some markets, according to the National Association of Realtors®.

NAR urges the Federal Housing Finance Agency (FHFA) to proceed cautiously with its Real Estate-Owned (REO) Initiative pilot program to sell homes repossessed by government agencies to private investors to convert into rental units.

“As the nation’s leading advocate for homeownership and housing issues, Realtors… Read More

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