OFHEO Steps Towards Alleviating the Credit Crunch and Improving The Housing Market
By giving Fannie Mae and Freddie Mac more flexibility to address problems in the mortgage market it will benefit the housing market. In providing the ability to make a two percent adjustment to the portfolio limit formula for Fannie Mae, like Freddie Mac currently has, OFHEO has provided another tool to help borrowers with more sub-prime loans and others having problems refinancing their mortgage.
We are seeing that it is becoming a better time to buy a home. With both houses of Congress to reform FHA programs, and the Federal Reserve to decrease interest rates, should make borrowing more affordable and money more available. With reduced housing prices and increased housing inventory, interest rates that are near historic lows, and now with Fannie’s and Freddie’s increased ability to lend, we may see positive movement in the housing market.
Wednesday, September 26, 2007
Thursday, September 13, 2007
Southern Idaho Real Estate - Farm Market
As a Realtor® with a background in market analysis for a large corporation, I find the Southern Idaho real estate market very intriguing. The influx of out-of-State buyers has caused the price of homes to appreciate substantially over the past 6 to 7 years and the farming market has really taken off during the last couple of years.
The farm market has been effected by the crop markets being adjusted via dairy and green fuel production through-out the farming industry. This competition for the crop production by dairy and green fuel effects all facets of the farm, whether it be alfalfa, corn, beans, potatoes or wheat products. There are only so many acres available for production. Example: ( Alfalfa hay can be purchased today at $110/ton for first cutting, $120/ton for second cutting of hay)
The recent announcement by Diversified Fuels to build a processing plant in the Buhl, Idaho area: "Diversified Fuels expects to create a market for 250,000 acres worth of locally grown canola by the time their proposed seed processing/bio diesel facility is running at capacity, producing 40 million gallons of bio diesel in Buhl alone."
You may view examples of area acreages by clicking on the following link: (Tours)
The farm market has been effected by the crop markets being adjusted via dairy and green fuel production through-out the farming industry. This competition for the crop production by dairy and green fuel effects all facets of the farm, whether it be alfalfa, corn, beans, potatoes or wheat products. There are only so many acres available for production. Example: ( Alfalfa hay can be purchased today at $110/ton for first cutting, $120/ton for second cutting of hay)
The recent announcement by Diversified Fuels to build a processing plant in the Buhl, Idaho area: "Diversified Fuels expects to create a market for 250,000 acres worth of locally grown canola by the time their proposed seed processing/bio diesel facility is running at capacity, producing 40 million gallons of bio diesel in Buhl alone."
You may view examples of area acreages by clicking on the following link: (Tours)
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