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Grant allows PAR to study impact of foreclosures

By: Kim Shindle on in  | 

PAR has been awarded a $60,000 grant by the National Association REALTORS® (NAR) to study foreclosures in Pennsylvania.

PAR will use the grant money to interview a random sample of individuals who have recently experienced a foreclosure, as well as those still living in hard-hit neighborhoods, according to Jennifer Shockley, assistant director, PAR Government Affairs. “The results of this project will help our members and political leaders better understand the direct impact of foreclosures on individuals and position REALTORS® to become part of the solution by recommending affirmative steps for action to elected officials,” she said.

PAR’s Foreclosure Prevention and Response Grant is part of NAR’s Right Tools, Right Now program. More than 100 grants were awarded to local and state associations to help them develop coordinated plans of action to prevent foreclosures and respond to their adverse affects.

SGS is currently developing questions and is expected to have results of the survey by the end of June.  PAR will determine a course of action based on the data.

NAR Survey Shows Swift Rebound of Activity

“The residential market has seen a swift rebound of activity as numerous states have begun to ease mandatory stay-at-home orders,” said Lawrence Yun, NAR’s chief economist. “Many potential buyers and homesellers were kept at bay in the initial stages of the coronavirus outbreak, but Realtors® nationwide were able to quickly pivot, embracing technology and business practices to ensure the homebuying process continued in a safe manner.”

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