Republicans Tried To Manage Risk At Freddie Mac And Fannie Mae
And just last week BHO blamed Bush for the debt………Fannie Mae is affecting homes for sale in Power Ranch, homes for sale in McCormick Ranch, some of the stronger homes for sale in North Scottsdale such as homes for sale in the Kierland area and most areas of town, save the retirement communities seem to have hedged the recession a bit. Homes for sale near Scottsdale Airpark, homes for sale near the premier Mayo Clinic in Scottsdale and Desert Ridge have also been effected as well from the downturn because, as this short YouTube video points out, the real estate market is typically controlled by local supply and demand as well as community employment and other migration issues on a state level; albeit, this market turn is undermined by the lack of oversight of the federal government and their ignoring the warnings of the Bush Administration….. I thought just a few weeks ago Nancy Pelosi declared “This is Obama’s economy”? When will the ostensibly “most transparent” administration take responsibility for anything? Of course it isn’t good politics to say “I failed” yet it is even more revolting when the blame game just won’t stop. Well even Obama’s strongest supporters aren’t buying the “blame Bush” game too much anymore and I happen to believe that this will backfire if this is Mr. O’s only fodder to shoot at the Republicans.
None the less we are all suffering for the oversight or shall I say “undersight” of the Democrats while Bush was president. If there is a silver lining to this; housing prices are still at all time lows and interest rates are forecast to drop below 4% by September of 2011. Would you like to purchase a home for sale in Troon North, Scottsdale Ranch, or any other part of town? Now is a great time while the prices are low and rates are at 40 year lows. Contact me if you would like to look at some homes for sale in Scottsdale, and wouldn’t mind driving the Valley with a like minded, business savvy Realtor. Contact me here.