A New Stimulus Package Coming?

With the election now over, there’s talk about calling Congress into session before year’s end to pass a new stimulus package. The National Association of Realtors has proposed a four-point plan which includes eliminating repayment of the first-time homebuyer tax credit and expanding it to include all homebuyers, making higher mortgage loan limits permanent, creating a federal mortgage interest buy-down program to make below-market rates available and stabilize home prices, and prohibiting banks from entering real estate. The National Association of Home Builders has its own stimulus wish list which includes a 10 percent home buyer tax credit up to a maximum of $22,000 and an interest-rate buy down on conforming loans for all families purchasing a home through the end of 2009.

Tim Kent
Executive Vice President
tkent@ncrealtors.org

Our Question to You: How Often Do N.C. REALTORS® Use Social Networking Sites?

Do you or any of your agents use Facebook and/or MySpace as part of your business strategy? If so, let us know! Email Barbara Mathis at bmathis@ncrealtors.org and tell us about your experience – good or bad! We want to hear from you!

Barbara Mathis
Communications Specialist
bmathis@ncrealtors.org

Director Position Available on Homes4NC Board

Sorry, the deadline for applications has passed. Please check for more information next year.

Do you have a passion for affordable and workforce housing and also want to build our industry and strengthen our communities? If so, then Homes4NC would like to talk with you about serving on its Board of Directors. We have one Association Executive director position available for a three-year term starting January 1, 2009. Our ideal candidate will:

• Have experience with Homes4NC either as a fundraising partner or a matching grant partner
• Be able to travel to Greensboro or Raleigh for approximately 4-5 meetings per year (some held in conjunction with NCAR meetings)
• Be willing to serve on at least one Homes4NC committee
• Actively participate in our fundraising and friend raising activities
  
  If you would like to be considered, please contact me by November 17.
  
  Thanks so much for your interest and support!
  
  Diane Greene
  Director of Community Outreach
  dgreene@ncrealtors.org

Poll Results: Health Plans of the Presidential Candidates

Question: Which presidential candidate's health care plan is better?

Results:
John McCain's tax credit for individuals who purchase health insurance: 50%
Barack Obama's national health plan, aimed at providing affordable coverage for all: 50%