Important: The Fed is calling on VA REALTORS for policy input

Here’s a quick survey you’ll want to take.

The Federal Reserve Bank has asked VAR to help find out what’s happening in our markets, and what we think the near future holds.

This is a rare opportunity for Virginia Realtors to provide the Fed with accurate, front-line information about the economy — information that will be used to help formulate monetary policy, including Fannie and Freddie reform.

It’s important. At the bottom of this message is a link to brief (and we mean brief) survey. It should only take a few minutes to complete.

What does it ask about? Your feelings about…

  • Appraisals
  • Market activity
  • Distressed properties
  • Expectations for 2012

All responses are anonymous, so please, take a few minutes to tell the Fed what’s really going on and what you expect to see. It closes Friday, April 13 at noon, and we’ll share the responses soon after that. Thank you!


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One Response to Important: The Fed is calling on VA REALTORS for policy input

  1. Dave Woodman says:

    I think the Government should have bailed out the consumers who were hurt by this mess, not the banks that helped cause it. The banks have continued to make money and have profited, while consumers have lost homes, jobs, and everything else, and will continue to pay the price for years to come. The bailout would have done more good, buying down mortgage balances as prices fell and subsidizing payments when jobs were lost. The consumers suffer and are left to pay the bailout bill. There is no justice in that.
    Now we will be faced with houses sitting in foreclosure and uncared for that may not even be salable, after sitting vacant for so long. The damage caused is not the fault of the consumers, who will still end up with the bill for an extended period of time.
    People who could not afford houses and were allowed to purchase, was a major mistake and the remedy was worse. My regret is that my children, grand children, and great grandchildren will have to face the bill. Our Politicians have lost nothing. We the people are the ones hurt.

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