TAMPA, Fla., Aug. 29—Sen. Johnny Isakson (R-Ga.) said at a policy forum here yesterday during the Republican National Convention that real estate is the core issue in this year’s national elections. “This is the most important discussion at the convention,” he told a packed audience of real estate, mortgage finance, and other industry representatives at a housing policy forum sponsored by NAR and more than a dozen other national real estate organizations.
No matter who comes out on top in November, the administration will have to make crucial decisions in 2013 on how to revamp the secondary mortgage market and deal with regulators whose proposed rules could derail the country’s slow recovery by hurting the availability of mortgage financing.
Rep. Michael Turner (R-Ohio), who joined Isakson at the forum, said out-of-control federal spending is choking off private enterprise and everything needs to be on the table after the elections to rein in federal debt. But he also said the mortgage interest deduction and other federal housing priorities remain among the most popular provisions with lawmakers.
“There’s pretty universal support for the mortgage intrerst deduction,” he said.
The forum was just one of hundreds of events taking place in Tampa through Thursday as thousands of delegates, lawmakers, and others from around the country participate in the convention. The Democrats will be holding their convention in Charlotte, N.C., next week. In the 2-minute video above, NAR leaders and REALTORS® who are delegates to the convention talk about the political process and the impact REALTORS® are having protecting real estate by getting involved in political activities at the local, state, and national levels.