FW: Outlook for Real Estate, and Update on Government Intervention

 

 

Mark Adamczyk

Realtor/Owner
ItsYourSale.com, Inc.
504 N. Wymore Road
Winter Park, FL 32789
Office: 407-951-5555
Cell: 407-967-9930
Fax: 866-269-5994
Mark@ItsYourSale.com

 

http://www.ItsYourSale.com

 

 

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From: Richard F. Gaylord [mailto:NAR@newsletters.realtor.org]
Sent: Wednesday, September 24, 2008 2:02 PM
To: mark@itsyoursale.com
Subject: Outlook for Real Estate, and Update on Government Intervention

 

	Dear Fellow REALTOR®:          I know many of you are concerned about the troubled financial markets and are wondering how the federal government’s actions will help resolve the crisis. Here is the latest information on what is happening in the housing market and our position on the government’s plans to rescue Wall Street.         First, take a few minutes to watch today’s President’s Podcast, featuring my latest interview with NAR Chief Economist Lawrence Yun. Although the video was shot before the government takeover of Fannie Mae and Freddie Mac, Lawrence provides valuable perspective on where the housing market is heading in 2009. http://www.realtor.org/about_nar/presidents_report/_podcast_archive/presidents_podcast_marketoutlook_20080923         Second, please read Lawrence’s September 22nd commentary, which explains the reality behind the government’s proposed “investment” in the financial markets and what’s at stake for homeowners and taxpayers. http://www.realtor.org/research/commentary_700_billion         Third, review the letter I sent to Congress earlier today, outlining our position on the Treasury’s comprehensive approach to addressing problems in the financial system. http://www.realtor.org/gapublic.nsf/pages/gses_conservatorship?OpenDocument         As the most trusted source of information in the real estate transaction, REALTORS® are in the best position to counsel consumers in this confusing market. I urge you to check Realtor.org for additional information and updates in the days and weeks ahead, and share them with your colleagues.         Working “All Together,” we can overcome these challenges and ensure that homeownership continues to be the most valuable investment Americans can make.
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