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Market News and Trends

Foreclosures — a quick footnote


Earlier I posted a link to an item in today’s Austin American-Statesman (New-Home Sales …), and I have commented on the specific lead item.  Another digest item is worth pointing out:

Mortgage financier Freddie Mac issues warning on foreclosures

“Since the federal government seized control of Freddie and Fannie in September 2008, the two companies have siphoned $111 billion in taxpayer dollars to stay afloat. That number is expected to hit $188 billion by fall 2011.”

Even though Austin is in far better shape that many other places, these important sources of mortgage funds will continue to struggle.  We will get through this, but buckle up … there is a lot yet to go through.  (See Is The Mortgage Crisis Ending?)

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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  1. Pingback: Distressed properties, distressed sellers « Bill Morris' Austin Real Estate Blog - March 17, 2010

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