Launch of Bipartisan Congressional Real Estate Caucus Supported by Industry Groups

The real estate industry has a new advocate in the form of the newly launched Bipartisan Congressional Real Estate Caucus, which has garnered support from various groups representing different sectors that intersect with real estate. The caucus, which includes prominent organizations like the National Association of Realtors, the National Association of Home Builders, and the Mortgage Bankers Association, aims to address the critical issue of housing affordability in the United States.

Led by U.S. Reps. Mark Alford, J. Luis Correa, Tracey Mann, and Brittany Pettersen, the caucus is focused on promoting policies and initiatives that will stimulate growth in the real estate industry and increase the supply of affordable housing units across the country. With millions of Americans unable to achieve the dream of homeownership due to the lack of accessible housing options, the caucus is a much-needed bipartisan effort to tackle the housing affordability crisis.

In response to the formation of the caucus, industry leaders have expressed their support and enthusiasm for the new initiative. The National Association of Realtors praised the Congress members for their bipartisan approach to addressing the housing affordability crisis and emphasized the importance of promoting homeownership for individuals from all backgrounds. Similarly, the Mortgage Bankers Association commended the caucus for its efforts to advance housing policy and create opportunities for both renters and prospective homeowners.

As economic research estimates a persistent housing deficit in the U.S., the caucus is determined to work towards alleviating the shortage of affordable housing units and promoting homeownership opportunities for all Americans. With the support of key industry players and bipartisan cooperation, the Bipartisan Congressional Real Estate Caucus is poised to make a significant impact on the real estate market and address the pressing issue of housing affordability in the country.