Since you and I aren’t going to get bailout money from Washington, let’s make sure that Washington helps the Myrtle Beach real estate market recover.  Tell Washington to direct more of the bailout funds toward alleviating challenges in real estate and everyone affected by it.

The National Association of Realtors issued its Four Point Plan today, which would:

1. Make the $7500 first-time homebuyer tax credit available to all buyers, and eliminate the repayment requirement. The credit’s limited availability and repayment requirement severely limit the credit’s use and effectiveness.

2. Make the 2008 FHA, Fannie Mae and Freddie Mac loan limits permanent. New rules set to take effect in 2009 will reduce them. Now is not the time to limit mortgage affordability.

3. Get the Treasury relief program back on track and target more funds to mortgage relief. Create a federal mortgage interest buy-down program to make below-market rates available and stabilize home prices.

4. Permanently bar banks from engaging in real estate brokerage and management. The banks have proven they have enough to do to simply manage the loan process. Banks should not manage home sales and purchases.

If you agree, make your voice heard!