Taken from REALTOR Magazine....
"According to federal officials at a financial conference at Vanderbilt University...THE WORST OF THE FINANCIAL CRISIS IS OVER!!!!
Frank Nothaft, the chief economist for Freddie Mac, said houseing sales have just about hit bottom and a third of home sales are now foreclosed properties.
New York Fed chief William Dudley complained that the programs the government has put in place are being undermined by public perception that they are unfair to average taxpayers and that has made some potential investors fearful that they would be the focus of public outrange if they profit from the programs."
The Grand County/Winter Park real estate market is heavy with inventory with some very motivated sellers. There are some good deals for buyers willing to take the plunge into a great ski resort and recreation community.
Sunday, April 26, 2009
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