The Housing Crisis is Not What You May Think

Conventional wisdom says that the Subprime Mortgages  is to blame for the housing crisis. However, a new study from UC Irvine found that it was  Fannie Mae’s and Freddie Mac huge retreat from the credit market in 2003 caused the bubble and subsequent crash. This pulout was from accounting and political pressure.  Melissa Lafsky the editor of the Freakonomics Blog gives her take onthe new housing study.

Comments

[Minneapolis Reo Properties]

Housing Crisis is not true. In fact, there are so many properties repossessed by bank now are being sold in a very low price. Also, these houses are still in a good condition. This is much practical than building your own house which is more expensive.
Brokers/Real Estate Agents are getting in-demand now-a-days, they sell real estate owned properties at a pace faster than you can ever imagine.