So Cal Real Estate News

The federal government today took another step to help ease the housing requirement, reducing required cash cushions Fannie Mae and Freddie Mac by a third. That frees up over six billion dollars for them to make additional mortgages, which obviously helps real estate nationwide. Unfortunately, it also reduces the cushion they have when they might need it most (click for brief summary).

If it works, however, the need for that cushion might be reduced. To us, it’s more evidence that the decision makers in Washington are doing all they can to stabilize the real estate market. It may extend the spring mini-boom we’ve speculated about here in Southern California. It also might make this spring a good time for refinancing. Every little bit helps!

Tags: Los Angeles County Real Estate Projections, los angeles county real estate trends, market projections. Long Beach market projections, mortgage trends, Orange County CA real estate projections, Orange County Real Estate trends, real estate news, real estate trends

This entry was posted on Wednesday, March 19th, 2008 at 6:59 am and is filed under For Buyers, Market Trends and Projections. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.