Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson continued their crusade on Capitol Hill yesterday pleading their case for the proposed $700 Billion rescue plan. Last night President Bush stated on national television that the rescue plan is crucial and is needed to avert “a long and painful” recession. Rep. Kanjorski, a spokesman for the committee, said that some kind of deal that would benefit the economy will be done by the time the markets open on Monday morning. This plan doesn’t bailout out Wall Street but will help every American by freeing up the lending system. If that is the case, we can hope for a slight loosening of the noose on loan programs which is always good news for the Real Estate markets. I will keep you posted as this develops.
As tough as it may seem right now, things are going to be much better in the near future. If you’re not ready to buy, you still may want to do some “window shopping” so to speak. Visit us online at www.FreemanDavisHomeTeam.com and search the MLS.
Good news for buyers…prices are coming down just a little but the big change is the number of choices. There are more homes on the market now in our area than have been in a long, long time. See what peaks your interest online and call us for a showing. Chances are, your dream home may be just a mouse click away!