On Friday, the U.S. House of Representatives joined the Senate in passing the Emergency Economic Stabilization Act of 2008. President Bush already has signed the bill into law.

I have heard from many REALTORS® during the past week. The vote on the bill reflects how many of you feel - torn. We realize this bill is not perfect. However, we believe the additions made by the Senate, including raising the FDIC insurance limit and several other measures that will benefit and protect taxpayers, make it a more favorable solution than the previous proposal. More importantly, failure to act would have pushed consumers into more dire circumstances. I want to thank all of you who supported this effort, despite reasonable concerns.

I want to assure all of you that NAR will continue to work with Congress and the Administration to make sure the measures included in this bill are implemented quickly, with the needs of Main Street placed front and center.

NAR will continue to provide you with updates and information at www.realtor.org/creditcrisis. I encourage you to visit often, and I thank you for working "All Together" to help preserve the American Dream.