The Economy and the Future of Real Estate

The Economy and the Future of Real Estate Now that the candidates have been announced and are on the campaign trail, it will be interesting to see where they stand on the economy, particularly the real estate industry. While most of the focus has been on what the current administration has done to help or hinder the economy’s comeback, the voters will be keeping a close watch on how the different candidate’s plans will impact home prices and interest rates. Reinvestment of funds into the American economy is definitely a hot topic. President Obama’s HAMP initiative has had a lot of success. While we are only in the very early stages of election campaigns, it will also be important to find out whether current initiatives and programs that help people purchase homes will continue to be supported. On the 15th, CNN Money’s Tami Luhby posted an article that pointed out the fact that the Federal Housing Administration (FHA) may have issue with its reserves which, if it continues to decrease, could potentially result in higher premiums for borrowers. The agency does not feel this is a significant risk at this time. Please go to Arlington Texas Real Estate for more information.