Crisis, what crisis?

Hmmm, let me get this right. A bill has been passed that may help the credit and mortgage quagmire that many homeowners are in.

Or it just may help Freddie Mac and Fannie Mae through a tough period.

In Palmetto, Bradenton and Sarasota there are a large number of pre-foreclosures (short sales) on the market, many more to come and a large number of foreclosures that continue to come on the market.

Will this latest piece of legislation help? That is going to be a wait and see. For many homeowners it is probably too little, too late. For others it could hold out a ray of hope.

As a buyer's specialist I see everyday the effects of the housing crisis. From my clients perspective the continuing price reductions and pressure downward are a good thing.

I'm thinking though as the market keeps pushing down we will soon see it spring back up. Any legislation that even gives the appearance of this can only help to restore consumer confidence in the market.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com