In this video from REALTOR® Magazine, we gain insight about how the National Association of Realtor's (NAR) new neighborhood stabilization project works.

The program is targeted at helping communities whose foreclosures could cause neighborhoods to become barren. The video shows two of the approximately two dozen neighborhoods at risk in Chicago, courtesy of Mabel Guzman, ABR, president-elect of the Chicago Association of REALTORS®.

Chicago's association has been aggressive in making sure it got its share of the money for the program and offers hope for all communities facing foreclosure issues. NAR also hopes others can find success through the program.

View the original blog post and commentary by Robert Freedman, senior editor of REALTOR® Magazine.

Posted in Real Estate Market Conditions, National Association Of Realtors, Foreclosure, Real Estate Industry, National News

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