When the stars and planets align or however you wish to say it, a SHIFT is going to happen. Here in the Tampa Bay area, we are seeing encouraging changes in our market. Today, the FED announced it’s start of the $500 BILLION they are going to infuse our troubled Housing Market with. Read on:
WASHINGTON – The Federal Reserve says it will begin purchasing up to $500 billion in mortgage-backed securities early next month in an effort to bolster the housing market.
The Fed first announced the purchases in late November, but did not say when they would begin. The central bank says it will purchase securities that are guaranteed by home loan giants Fannie Mae, Freddie Mac and Ginnie Mae.
The Fed also says BlackRock Inc., Goldman Sachs Asset Management, PIMCO and Wellington Management Company LLP will operate the program.
This is one of the prescribed ways for our government to get the economy moving. By buying these securities, the government is putting cash into play and specifically into the housing arena.
Team Sumberg analyzes and tracks Real Estate Market data and statistics on an ongoing basis. We are seeing signs that a shift is close. When it happens, everything is going to change. So, Buyers get moving. Prices, mortgage rates and sellers are all in positions for you to get your Deal Of A Lifetime.
Contact Team Sumberg for Tampa Bay Real estate information. (866) 323-3981 email: info@TeamSumberg.com
[...] unknown wrote an interesting post today onHousing Market Recovery is Imminent | Tampa Bay Real Estate from …Here’s a quick excerptTeam Sumberg analyzes and tracks Real Estate Market data and statistics on an ongoing basis. We are seeing signs that a shift is close. When it happens, everything is going to change. So, Buyers get moving. Prices, mortgage rates and … [...]