My favorite Arizona Realtor, Craig Peck, sent me this article on what NAR thinks is the first step to turn around this housing market:
NAR believes that the current first time buyer tax credit would provide a more beneficial stimulus if the repayment requirement were eliminated. In addition, the credit should be available for all purchases of a principal residence and not restricted solely to first-time homebuyers. It should also be extended through December 31, 2009.
The link below will explain further and allow you to send a letter or email to your congress representative.
http://takeaction.realtoractioncenter.com/campaign/aara_markup
Please read and think about how you can help.