The Beverly Hills Real Estate blog
Good morning, sunny and warm today. Last night in Nichols Canyon it was in the mid 70‘s at 8:30. Going to be a warm one today!
Did you watch the president last night? Whatever he said must have helped yhe market us up 158 this a.m.
Another "impact" note today this one from the president of the national association of realtors. As always we're at www.patandmelody.com
Dear Fellow REALTOR®:
I know many of you are concerned about the troubled financial markets and are wondering how the federal governments actions will help resolve the crisis. Here is the latest information on what is happening in the housing market and our position on the governments plans to rescue Wall Street.
First, take a few minutes to watch todays Presidentâ€TMs Podcast, featuring my latest interview with NAR Chief Economist Lawrence Yun. Although the video was shot before the government takeover of Fannie Mae and Freddie Mac, Lawrence provides valuable perspective on where the housing market is heading in 2009.
http://www.realtor.org/about_nar/presidents_report/_podcast_archive/presidents_podcast_marketoutlook_20080923
Second, please read Lawrence's September 22nd commentary, which explains the reality behind the governments proposed investment in the financial markets and whats at stake for homeowners and taxpayers.
http://www.realtor.org/research/commentary_700_billion
Third, review the letter I sent to Congress earlier today, outlining our position on the Treasurys comprehensive approach to addressing problems in the financial system.
http://www.realtor.org/gapublic.nsf/pages/gses_conservatorship?OpenDocument
As the most trusted source of information in the real estate transaction, REALTORS® are in the best position to counsel consumers in this confusing market. I urge you to check Realtor.org for additional information and updates in the days and weeks ahead, and share them with your colleagues.
Working All Together, we can overcome these challenges and ensure that homeownership continues to be the most valuable investment Americans can make.
Have a great day - It'll be a great day to have.
Comments(0)