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Beverly Hills Real Estate blog Tuesday 9-09-08

The Beverly Hills Real Estate blog.
 A cooling trend... that's what we're in for.  In SoCal that means perfect weather.  Hello and happy Tuesday.
 From an Open House on Sunday we had a second showing on a 4 million dollar plus listing of ours last night... We'll let you know!  We're reachable at www.patandmelody.com  Stop by and see us!
 The 2- million plus market doesn't seem to be affected by the current slump/  Meantime with another take on the gov bailout of Freddie Mac and Fannie Mae...
 By Mark Trumbull Tue Sep 9, 4:00 AM ET
The US Treasury is poised to commit large sums - perhaps exceeding $100 billion - in its rescue of Fannie Mae and Freddie Mac, but the real cost to American taxpayers won't be known for years.
 The tab will depend on how Washington runs these mortgage giants and how the housing market and economy perform.
 In wide range of outcomes is possible, because the size of Fannie and Freddie is so large. With a $5 trillion book of home loans that they own, or have guaranteed, fractional changes in foreclosure rates can translate into tens of billions very quickly.
In a worst case, the ... more

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