Fannie and Freddie Will Be Important in Economic Recovery, Lockhart Tells Realtors®
WASHINGTON, November 07, 2008
At the 2008 REALTORS® Conference & Expo today, Federal Housing Finance Agency Director James B. Lockhart III assured Realtors® that government-sponsored enterprises Fannie Mae and Freddie Mac and the Federal Home Loan Banks will continue to play a critical role in the country's economic recovery.
In the National Association of Realtors®' 100-year history, the real estate industry has seen a lot of changes, but perhaps none as significant as the transformations ahead. As the 2008 REALTORS® Conference & Expo gets underway this week just days after an historic election, Realtors® are preparing to effect positive change for the housing market and consumers across the country.
Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 5.5 percent to a seasonally adjusted annual rate¹ of 5.18 million units in September from a level of 4.91 million in August, and are 1.4 percent higher than the 5.11 million-unit pace in September 2007.
The American Planning Associatin (APA) flagship program celebrates places of exemplary character, quality, and planning. Places are selected annually and represent the gold standard in terms of having a true sense of place, cultural and historical interest, community involvement, and a vision for tomorrow.
9.23.08 - Affordable Housing The average price of a three bedroom home in Onondaga County is $132,600 and $119,000 in Central New York. Compare this to the average price of New York State at $215,000 and the National Average of $202,300. Prices won’t go any lower and there is an abundance of inventory.
9.23.08 - In this edition of the President's Podcast, NAR President Dick Gaylord sits down with NAR Chief Economist Lawrence Yun to discuss what is happening in the market and what you can expect in the coming months. A national housing report gives you an idea of what is happening at the highest level. Just like a national weather forecast would not paint a good picture of Syracuse weather, the same goes for a national housing report. If you would like information on the housing market in your area please contact a local REALTOR.
9/22/08 – Syracuse’s housing market remains solid through the first half of the year, aided by an increase in sales of more than 10.1% percent in June 2008 comapred to June 2007, according to single-family sales data accumulated by the Greater Syracuse Association of REALTORS and the Central New York Information Service, Inc. (MLS).
