Tuesday, July 28, 2009

HVCC Update - NAR Survey Results and Flyer

As part of their Action Plan to deal with the Home Valuation Code of Conduct (HVCC), the National Association of Realtors Research section conducted a survey of Appraiser and Broker members. The purpose of the survey was to provide concrete data and information to bring to the regulators and the NY Attorney General’s office. Nearly 30,000 members participated in the survey.

Appraiser Active posted the preliminary analysis from NAR Research previously. Since then, NAR has prepared a two page flyer summarizing the effects of the HVCC.

NAR Survey Shows HVCC Impacting Housing Markets

An analysis by the National Association of REALTORS® (NAR) indicates that the implementation of the Home Valuation Code of Conduct (HVCC) appears to be having adverse impacts on the housing markets.

Here's the flyer

In other news, the National Association of REALTORS has initiated a targeted call to action in an effort to build Congressional support for H.R. 3044, the bill to mandate an 18 month moratorium on the HVCC. As of today, July 28, 2009, there are 46 co-sponsors of the legislation. If you are a Florida REALTOR, use THIS LINK to participate in the Call to Action. If you wish to participate and are in another state, surf on over to the NAR Action Center and check out the HVCC Links. Alternatively, contact your Member of Congress and ask them to co-sponsor H.r. 3044.

Keep in mind, Appraiser Active maintains links to the most recent HVCC related documents along the left side of this page.