Most people have no idea who those two are, but after this weekend, homebuyers and sellers will take notice. Even though they are privately held companies, they are being treated like they were still government funded entities. Even a professional in this market gets confused by the message they are sending but the bottom line is they are solvent, capitalized, and able to function just fine. That being true, the Treasury just wanted to reassure the stock market that they were actually financially ok? It seems, confidence in our economy requires confidence in our banking industry that requires confidence in the dollar which can be realized by an improved housing market? Or is it the other way around? I am certainly not an economist and admit it is all a little confusing, to say the least. However, the bottom line seems to be, due to our lack of confindence, we are paying the price of fear. Sometimes, what we focus on is what we get, therefore, we should focus on recovery, with confidence in our banking, housing and mortgage industry as well as our economy and that will bring it about? Sure seems like a better idea than any of the alternatives I have heard.
Steve, your source of real estate in the Ozarks!
The American dream of owning your own home is better realized here than in most areas of this great country we live in. Back when I was a US Marine in Vietnam and missing home, more than anything else I dreamed of coming back to the heart of America, buying a home and raising a family. I hope to help you make your American dream come true too and will do my best to make that happen.