Thursday, March 2, 2017

Big news from HUD

Reported by RisMedia ...

The U.S. Senate issued a final vote Thursday confirming Ben Carson as secretary of the Department of Housing and Urban Development (HUD), 58-41. The party-line approval assigns Carson leadership of the agency, which currently has a budget of $47 billion and more than 8,000 on staff.

The housing industry largely took a wait-and-see approach throughout the confirmation process, embracing the opportunity of a new leader.

“Dr. Carson should be proud of his achievement,” said Bill Brown, president of the National Association of REALTORS® (NAR), in a statement. “The task at hand is a big one, and we applaud his commitment to the challenges that lie ahead. NAR has been the voice of real estate for over a century. In that time we’ve seen changes in markets, in Washington, and in the business of our REALTOR® members—but there’s a reason that homeownership is called the ‘American Dream,’ and that hasn’t changed one bit. Homeownership helps build communities and build wealth for families, and we know that the policies set in Washington can make a real difference for individual Americans as they work to realize the dream of homeownership for themselves.

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