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A LOOK FORWARD: WHAT'S AHEAD FOR REAL ESTATE IN 2009 After 2008's devastating period of adjustment-with the subprime mortgage crash, the economic bailout, and price reductions across the board-it's easier than ever to predict what 2009 will be all about for real estate: 1. The media will bac...
There's no disputing the fact that this past year has been difficult for the real estate industry. Not only has the media exaggerated local conditions, but it sure didn't help when the financial markets took a nosedive in late September. Before the crisis escalated, real estate had actually been...
It was the number one news story last week outside of election coverage. Fannie Mae and Freddie Mac, the two largest mortgage finance companies in the US, were taken over last week by the government as part of a bailout plan. So what happened? Both mortgage giants had met regulatory requirement...