Washington Report

Advocacy Updates from Washington D.C.

Senate Confirms Yellen to Treasury

On January 25, 2021, the U.S. Senate confirmed Janet Yellen to be the next Secretary of the U.S Department of the Treasury. NAR wrote a letter in support of Ms. Yellen's nomination.

NAR has been focused on leadership changes at the Treasury Department and potential Congressional action regarding the secondary markets. Also, Ms. Yellen's reputation as a dove on interest rates bodes well for the housing market.