NAR President Issues Statement After White House Meeting on Debt Ceiling

National Association of REALTORS® President Charlie Oppler issued the following statement this week regarding his meeting at the White House with President Biden and business leaders on the debt ceiling:

"NAR is encouraged by reports Congressional leaders are working on a short-term debt ceiling extension following our meeting. With more than $8 trillion in mortgage debt backed by the federal government, the real estate sector is highly susceptible to market instability. A debt default would unleash unnecessary and unknown harm on the economy and our 1.5 million members, most of whom are small business owners." Oppler said. "We encourage Congress to keep working on a long-term debt ceiling solution to maintain stability and faith in the American economy." Read more.