Realtors encouraged to be proactive in struggling market

Realtors are being told to seize the day and come to the rescue of their industry, according to the National Association of Realtors. During their midyear meetings last week, NAR President Ron Phipps urged brokers to continue to fight for the future of the housing industry.

"As the leading advocate for home ownership, housing issues and private property rights, the National Association of Realtors and our members are committed to keeping housing first on the nation’s public policy agenda, because housing and home ownership issues affect all Americans," Phipps said during the meeting.

People are becoming discouraged with the housing market as prices continue to fall, leaving many to believe that their money would be better invested somewhere else, according to The Wall Street Journal.

A growing number of people are renting homes when they move as opposed to buying, the media outlet reports. In years past, before some people would relocate they would go and find a house to purchase first. Now, people are simply moving into rentals.  

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