June 6, 2011 Housing Market News Updates

Posted by News Staff on June 6th, 2011

  • The Congressioanl Budget Office (CBO) say the bailout of Fannie Mae and Freddie Mac has really cost taxpayers $317 billion – not $130 billion as reported by the Obama Administration.  Full Story
  • Low prices and low interest rates are not bringing in the buyers, as the homeownership rate continues to decline.  Full Story…
  • Anxiety is high for those who have to sell in this market, as no bottom seems to be in sight.  Full Story…
  • Increasing demand from renters is the only heat in the market.  More sales won’t necessarily mean more homeowners, as investors follow the money and buy properties to lease out.   Full Story…