Working with a group of policy wonks, think tanks, economists, and even members of Congress, NAR has drafted a short, clear set of goals it believes will be the cornerstone to fixing the housing economy.

It’s divided into five sections — hence “five-point plan,” but even without that grouping the suggestions make a ton of sense. Here’s the list, pared down a bit — you can read the details on Realtor.org:

  • Recraft the Qualified Residential Mortgage rule to require safe, well documented, and properly underwritten products — not a 20% down payment.
  • Restore higher loan limits supported by FHA and the GSEs.
  • Don’t change the mortgage interest deduction or any other housing incentives.
  • Support a bill to would remove refinancing limits on underwater properties for borrowers that have been paying on time.
  • Direct Fannie Mae, Freddie Mac and servicers to prioritize short sales above foreclosures.
  • Support all necessary foreclosure/loss mitigation efforts to keep American families in their homes.
  • Encourage investors to purchase and rehabilitate foreclosed properties.
  • Require the GSEs to temporarily suspend investor financing limitations, especially the limit on the number of mortgage loans allowed for any one borrower to give small, private investors the opportunity to absorb some of the excess inventory.
  • Reject proposals that call for full privatization of Fannie Mae and Freddie Mac. That would foster mortgage products that are more aligned with the businesses goals than in the best interest of the nation’s housing policy or the consumer.
  • Hold a national housing summit to articulate a new national housing policy that covers the nation’s various needs —homeownership or rental housing, production or preservation.

These are the kinds of things we’re fighting for, and the kind of thinking we want to see from our elected official. Keep that in mind when you’re in the voting booth — check out our list of endorsed candidates at RealtorsChoose.com.

And vote.