We all know that one of the biggest problems in real estate right now would be the availability of financing. With the news about the government takeover of Freddie Mac and Fannie Mae this can make a big change in the real estate market. Investors are getting their confidence rebuilt back into the market to purchase Mortgage Bonds, and this will cause the rates to start getting lower and lower. I know with the credit crunch fewer and fewer consumers are able to get a loan like before, but they are likely to reconsider some of the more recent changes to allow some to get financing that may not have had the chance a few months ago. With this we will see more activity in the real estate market.
Myrtle Beach real estate has felt the slow down in the market, but not as bad as some of the other areas of the country. We have seen a big increase in calls, walk-ins, showings, and offers. Now, with Fannie Mae and Freddie Mac falling under the government we will start seeing even more activity in Myrtle Beach. This also helps with the off season real estate market in Myrtle Beach as well. What do you think about the government takeover?
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