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Rae Jean Malone, Woodbury Realtor. Submitted photo

Realtors talk with legislators in D.C.

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business Woodbury, 55125
Woodbury Minnesota 8420 City Centre Drive 55125

The St. Paul Area Association of Realtors president for 2009, Rae Jean Malone, along with president-elect Jennifer Snyder, traveled to Washington, D.C. with other area Realtors for a day of discussions about the housing market.

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The National Association of Realtors hosts an annual meeting on public policy issues which impact the housing market.

This year, the meeting brought together real estate professionals in the residential and commercial sectors, opinion leaders, economists, academic leaders, members of the media, and current and former government officials to engage in a comprehensive conversation about how to revitalize, regenerate and renew real estate markets across the nation.

More than 8,500 Realtors assembled at these meetings to inspire legislative and public policy action to stabilize the real estate market and spur economic recovery.

"Until we see recovery in the housing market, an economic recovery will not be possible" Malone said. "An opportunity to have a dialogue with legislators at this level, one-on-one, gives us an opportunity to relate our local market experience with the policy being discussed at the national level."

Some of the issues discussed at these meetings included expanding and continuing the incentives to homebuyers such as the current $8,000 first-time homebuyer tax credit, preserving the mortgage interest deduction for all home owners, and addressing the issue of energy efficiency from an incentive-based viewpoint.

The St. Paul Area Association of Realtors represents 3,700 members involved in all aspects of the real estate industry.

For more information about Twin Cities area home sales statistics, call Meg Chiodo at (651) 772-6341 or e-mail mchiodo@spaar.com.

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