National Association of Realtors® Applauds Long-Awaited FHA Condo Rule

“We are thrilled that Secretary Carson has taken this much-needed step to put the American Dream within reach for thousands of additional families,” said NAR President John Smaby, a second generation Realtor® and broker at Edina Realty in Edina, Minnesota. “It goes without saying that condominiums are often the most affordable option for first time homebuyers, small families and those in urban areas. This ruling, which culminates years of collaboration between HUD and NAR, will help reverse recent declines in condo sales and ensure the FHA is fulfilling its primary mission to the American people.”

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