January 21, 2025 (press release) –
WASHINGTON (January 21, 2025) – The National Association of REALTORS® Chief Advocacy Officer Shannon McGahn issued the following statement today in response to President Trump signing the executive order, Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis:
“The National Association of REALTORS® applauds President Trump for bringing attention to the dire need to address the urgent and ongoing challenges surrounding housing affordability and supply. Our team has communicated these issues to the President’s team, highlighting that the lack of supply is the number one driver of housing cost and, in turn, is hurting the housing market and shutting out first-time buyers. Also, in our discussions, we encouraged the Administration to focus on property rights, inventory, affordability, and accessibility to housing, which would help stimulate the economy and give more Americans the ability to build generational wealth.
“The President’s executive order underscores the critical need for bold, coordinated action to lower housing costs and increase the availability of homes for families across this country. NAR has long advocated for policies encouraging housing development, improving affordability, and supporting sustainable homeownership opportunities. We look forward to working with the Administration in the next steps and putting this executive order into motion.”
About the National Association of REALTORS®
As America’s largest trade association, the National Association of REALTORS® is involved in all aspects of residential and commercial real estate. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes – from written buyer agreements to negotiating compensation – visit facts.realtor.
# # #
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistribute or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.