Governor Martin O’Malley today released the following statement on the National Association of Realtors’ housing report:
“There is no more powerful place than a family’s home and nothing more important for protecting that home than a job. As our nation continues to recover, we are seeing signs of hope when it comes to homeownership. Sales of existing homes in January and February were at their highest level since 2007 according to a report released by the National Association of Realtors. While in Maryland, home sales last month were 2.4 percent higher than a year ago, and median home prices reached the first annual increase since July 2007.
“Protecting homeownership is a challenge so large that we can only tackle it together. Citizens, private companies, and governments at every level have a role to play, and all of us share a stake in the outcome. In Maryland, we’ve focused on comprehensive reforms to help our neighbors keep their homes, and making homeownership attainable for more residents through initiatives like the Maryland Mortgage Program.
“Progress is a choice. We are only as strong and competitive in this changing new economy as our ability and willingness to create jobs, help our families save their homes, and give more Americans the opportunity to realize the dream of homeownership.”