OfflineHow will the results of this election year affect the real estate market? If "Bush Tax Cuts" go away, will investment money be more difficult to get?
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With Freddie Mac and Fannie May being rescued, that means alot of their debt in foreclosure property will be purchased to free up money to lend. The government will hold onto the properties until the money starts flowing again and then will sell the properties back into the market. That way the property values will start appreciating again. With all of the Short Sales and below FMV properties being sold, those will become your comps which mean you can be upside down in your property. It's expected to last another 6 + months before we see alot of change.
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