Real Estate Lobby

The real estate lobby A powerful force on Capitol Hill, led by the National Association of Realtors and National Association of Home Builders, this group championed policies to push homeownership rates to unsustainable levels. Congress and the White House went along; to vote otherwise was to oppose the American Dream. Real estate agents, armed with research from their trade group, fed the myth that home prices would continue to rise and that even if they took a breather, they would never fall by much.



For Real Estate Lobby, it seems that the people incharge of the real estate really weren't thinking on litteral terms. And thought the prices on homes would always be up and that no matter what people would get the loans and the money to have the "American Dream" but as we all can see now that is slowly crashing, as we all know and have seen. Mortgage brokers and Realtors are no longer able to choose appraisers (the ones who determine the value of the property)http://en.wikipedia.org/wiki/Appraiser. That is because the Home Valuation Code of Conduct of Fannie Mae and Freddie Mac stepped in. Which i think it should be because its a conflict of interest, and that is how thinks get made up and why we are where we are today. In real estate it seems as though its not just the real estate peoples faults they really are just doing there jobs trying to make money like everyone else in America are. They blame it on the appraisers, which they blame it on the lenders, which comes down to the borrowers.http://www.realestateproarticles.com/Art/4971/283/Who-s-to-Blame-on-the-Over-Appraisal-Scam.html. So it we all end up into a he said she said sort of deal.