Billions of dollars overseen by the Federal Housing Finance Agency of the United States
"The Federal Housing Finance Agency failed to adequately oversee billions of dollars’ worth of settlements between mortgage giants Fannie Mae and Freddie Mac and Bank of America, a government watchdog said.
With the housing sector in turmoil it is time to reconsider home ownership and new development
Well-thought article written by WayneHemingway in The Guardian. One thing is clear after reading him: RealEstate needs re-estructure. Realtors will have to change the way they view the market, thus the way they sell its properties.
It's no business anymore. It's something more social. It's a service.
Reuters publishes an interesting article on the Spanish Housing market today:
"The slump in Spain's property marketshowed no sign of improving in July as mortgage approvals fell to their lowest in at least eight years, though the beleaguered economy saw some respite from a solid tourist season, official data showed on Thursday.
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