market news: Good news for the real estate market?
- 09/08/08 05:33 AM
As of the writing of this post the government has recently taken over Fannie Mae & Freddie Mac. Two of the largest backers of mortgages in the United States. So what does this mean for the real estate market? My oppinion is that it will help out the real estate market based on the following reasons. 1. Interest rates have initially dropped. This should create some stability in the market. The excess supply of homes for sale should decrease in time as demand for homes increases. 2. Prospective buyers will now purchase. Since rates have dropped the cost of home ownership has dropped. … (0 comments)
As of the writing of this post the government has recently taken over Fannie Mae & Freddie Mac. Two of the largest backers of mortgages in the United States. So what does this mean for the real estate market?
;)
;)
