What’s really going on with the housing market?

It has been a rough summer in Tucson, Arizona for the real estate market. Although our business is up 8 percent this year…the housing market in Tucson remains slow.  So what happens now that the U.S government has decided to take over Fannie Mae & Freddie Mac? How will it affect the housing market?

Alan Greenspan was interviewed on bloomberg this morning about  the government take over of Fannie Mae & Freddie Mac, including what is happening with Lehman.  Interesting interview!

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