We Think Jobs Are Needed

The confidence of the buyer comes mainly from their knowledge that they have a job and will continue to have a job. In this economy, that is not so easy to foresee ahead.

It appears that the Treasury Department has recently issued some recommended changes to the structure of Fannie Mae and Freddie Mac. Now who are they? That's the secondary market of selling loans that most of us never know about. Both entities are controlled by the government and of course they are broke. They oversee all the packages of loans that were sold in groups to investors and oversea investors in which a lot of loans failed.

Ron Phipps who is NAR president reaches out to the lawmakers to emphasize just how vital housing is to families, jobs and our nation. For every additional 1,000 home sales, about 500 jobs are added to the economy.

Real estate is all about jobs.