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  • Realtors choose moaning over action on tight loans

    09/17/2012 8:26:53 AM PDT · by jwsea55 · 10 replies
    MarketWatch ^ | 9/17/12 | MarketWatch
    WASHINGTON (MarketWatch) — To hear the National Association of Realtors tell it, if only banks had looser mortgage standards, another 700,000 homes would be sold and 350,000 jobs would be created. That’s according to a release Monday from the trade association. NAR says between 500,000 to 700,000 more homes and between 250,000 to 350,000 new jobs would be created if standards weren’t too tight. There probably will be about 4.6 million homes sold this year, whereas the NAR says in “normal” circumstances some 5 million to 5.5 million would be sold. The NAR points out that in the good ole...