Market Overview

Realtors Welcome Feds Move to Provide More Affordable Homeownership


The nation’s largest group of realtors welcomed the move by the Feds to provide Americans more affordable housing.


In a statement, the National Association of Realtors, America’s largest trade association, representing one million members involved in all aspects of the residential and commercial real estate industries, congratulated Housing and Urban Development Secretary Julian Castro for making affordable housing the cornerstone of his administration.

"By making access to affordable homeownership the cornerstone of his vision for the future of the Department of Housing and Urban Development, Secretary Julian Castro is proving himself to be dedicated to the values supported by Realtors and hardworking families everywhere,” the NAR said.


The group said it looks forward to working with Castro and HUD officials to fulfill his vision and refine FHA policies that ensure responsible borrowers are able to purchase homes at all stages of their lives.


During his inauguration as the 16th Secretary for the U.S. HUD in July, Castro pledged to carry out HUD’s mission of creating opportunity for all Americans through strong, sustainable, inclusive communities and quality affordable homes.


In this role, Castro oversees 8,000 employees and a budget of $46 billion, using a performance-driven approach to achieve the Department’s mission of expanding opportunity for all Americans.


"Julián is a proven leader, a champion for safe, affordable housing and strong, sustainable neighborhoods,” said President Barack Obama after Castro’s confirmation.  “I know that together with the dedicated professionals at HUD, Julián will help build on the progress we’ve made battling back from the Great Recession – rebuilding our housing market, reducing homelessness among veterans, and connecting neighborhoods with good schools and good jobs that help our citizens succeed.”


As Secretary, Castro’s focus is ensuring that HUD is a transparent, efficient and effective champion for the people it serves.  Utilizing an evidence-based management style, he has charged the Department with one goal: giving every person, regardless of their station in life, new opportunities to thrive.


As the U.S. Federal government puts its thrust into providing more affordable housing for Americans, the industry is bullish on the prospect of the domestic real estate segment. One technology that U.S. real estate agents can use to tap this market is RealBiz Media Group, Inc.’s (OTCQB: RBIZ)

RealBiz Media’s aims to grant agents control over how they want to run marketing campaigns for their listings. The portal came at a time when the norm among agents for capturing leads is to buy them from established multiple listing sites.

“’s mission is to both empower the real estate agent and to connect the homeowner and homebuyer directly with the agent in a personalized and meaningful relationship without interference from large, impersonal, third party lead generation sites,” RealBiz Media President and chief revenue officer Steve Marques noted.

“Homebuyers are able to create personalized video collections of potential homes to be set-up for review and sharing. Agents can quickly bring their listings to life via RealBiz’s rich video conversion tools, and market their properties directly to homeowners and homebuyers in a personalized, customized, entertaining, and engaging format no matter where they are," he said.

RealBiz has access to the nation’s largest real estate companies with numerous approved vendors and national contracts, both key to its future development programs. When completed, the company is targeting distribution of its digital video network to more than 70 million households and an agent driven MicroVideo App program. For more information, please dial this toll free number at 1.888.REAL.BIZ (888.732.5249) or email at

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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