Single-family real estate takes economy by storm

Freddie, Fannie raise loan limits for 2005

The real estate event of the summer
Connect with other top producing agents at Connect SF, Aug 7-11, 2017

Let's get beyond the slippery accounting practices of Fannie Mae in 2004 – or that matter of Freddie Mac in 2003. Both mortgage giants are shareholder-owned yet chartered by the U.S. Congress to maintain a constant flow of loan funds for the nation's housing market. You would expect a higher standard of performance. Instead, let's dwell on the amazing impact of the family home on the general economy. Single-family homes, while viewed as a solid investment for years by financial advisors, has begun to shed its dropping its "ill-liquid" moniker and become a flexible, versatile asset that has evolved into an enormous instrument of wealth in this country. In fact, a new study produced by the Joint Center for Housing Studies of Harvard University and Macroeconomic Advisers showed housing wealth has a more immediate impact on consumer spending than stock wealth. Low interest rates the past five years, coupled with steady home appreciation, have provided a more reliable pot of funds ...