The Real Estate Mango

Inauguration Day..How will it affect housing?

I understand that President Obama and his team will tackle the housing problems, immediately.  By that we mean, this week.  President Obama is working on a plan to spur the housing market, compel banks to loosen up and make loans.

Banks are the life line of the housing industry.  What has made it possible for Americans to buy homes, is the ability to finance with affordable mortgages.  This will start happening very soon.

Forclosure rates are bringing down prices and if banks can work with the borrowers who are in trouble with their loans, these foreclosures will lessen and prices will be less affected.

ALL GOOD NEWS FOR 2009!!

Do want to share your thoughts with me.  Write me here.

This entry was posted on Tuesday, January 20th, 2009 at 6:34 am and is filed under Market Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Tami Ueda said at January 27th, 2009 at 3:57 pm

   Lee, as a homeowner, this is wonderful news. Thank you for sharing it and for your wonderful website. I look forward to reading your blog daily as it is insightful and knowledgable.

Leave a Reply