IT APPEARS THAT FANNIE MAE AND FREDDIE MAC ARE PREPARED TO LIFT THE BAN ON MANY FORECLOSED PROPERTIES AND TO RESUME ALL NORMAL SALES ACTIVITIES. THESE TWO LARGE ENTITIES OWN NEARLY 240K PROPERTIES NATIONWIDE VALUED AT NEARLY 24 BILLION DOLLARS. WE ARE ENCOURAGED TO HEARS THIS BECAUSE UNTIL THESE PROPERTIES ARE SOLD AND OFF THE MARKET, ALL OF OUR PROPERTY VALUES SUFFER. THE NEGATIVE IMPACT FELT BY ALL OF US ON LINGERING FORECLOSURES IS COSTLY. I PERSONALLY WILL BE GLAD WHEN THEY ARE ALL CONSUMED BY THE BUYING PUBLIC.
THERE WILL LIKELY BE A FLOOD OF THESE PROPERTIES ON THE MARKET BY EARLY SPRING AND WHAT PEOPLE NEED TO CONSIDER IS THAT THIS REAL ESTATE, HELD LONG ENOUGH, IS LIKELY TO MAKE A HEALTHY COMEBACK THANKS TO INFLATION. CURRENTLY, REAL ESTATE PROVIDES NUMEROUS TAX BENEFITS AND IF THE GOVERNMENT WILL STAY OUT OF OUR WALLETS THIS WILL CONTINUE BUT NO MATTER WHAT— REAL ESTATE STILL IS A GOOD HEDGE IF PURCHASED CORRECTLY.
If we can help you with any of your real estate needs please feel free to call us at 850-236-1222 or use the mail form below. Thank You.
