Why Does FHFA Want To Turn 4400 Phoenix Homes Into Rentals?
If you’re looking for a home in the Phoenix area, you already know it’s tough to find the right Phoenix home for sale. Guess what? More government meddling in the housing market is about to yank about 4400 homes off the “available” list, even though potential buyers are wrestling over the slim pickings available right now.
In a post I wrote last week titled "Why is Finding the Perfect Phoenix Home So Difficult Right Now?", I told you just how hard it can be to find the right Phoenix home for sale. There are about 4,400 REO properties –real estate industry jargon for repossessed homes – in the Phoenix area. There’s a good chance these homes have already cost government agencies dearly. (By extension, that’s you, Dear Reader, because your taxes help fund government spending, along with what is borrowed each year.)
Read more about how the FHFA Rental Program will hurt Phoenix homeowners...
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