The Condo Paradox, Destruction Of A Market Place
March 16th, 2009 categories: Tips For Buyers, Tips for Sellers
Would you be outraged if you found out that the Federal Government was taking actions that are slowing the pace of the recovery in the housing market? Well it appears that is exactly what is going on.
While the Federal Government is pouring billions of tax payer dollars into the economy in an all effort to stabilize the housing and financial markets the recently nationalized Fannie Mae is tightening condominium lending standards. These new standards make it more difficult to obtain financing for those who want to buy a new condo.
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