Visit www.HomeSearchRALEIGH.com for details on how the government’s programs can assist you in buying your home in Raleigh and the surrounding areas. Realtors and their clients are not sure what the coming months will bring but the latest information regarding talks in Washington are available below.
Debate on the future of Fannie, Freddie heats up :: WRAL.com
There would be no housing market today without the government. Over the past 18 months, Washington has taken extraordinary steps to keep home loans available and affordable. That caused a tentative housing recovery last year. Home sales reversed their four-year descent, while prices stabilized.
One big reason: The government seized control of Fannie Mae and Freddie Mac, massive companies that purchase home loans, package them into investments and guarantee them against default. The price tag has been huge – $126 billion and growing. Now comes the hard part: figuring out what to do next.
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Rick Freeman, Allen Tate Realtors in Raleigh, NC