Sounds like a decent gathering of family and friends. So everyone has heard about the latest move by the Feds to shore up confidence in the housing sector.  This is a big one.  Think about it, most of the mortgages in the US are backed or guaranteed by these two giant players.  Now the government is lending a hand by running the show for some time to come.  What will this all mean to the average consumer?  For starters, it should help the stock market to remain relatively stable despite so many signs that we are on the cusp of a recession.  The good news here is that with the Feds stepping in, liquidity is no longer an issue.  In fact, all indications are that this will help make housing even more affordable, rates are likely to be even more favorable.  Combining this with the potential tax credit of $7,500 all signs point towards a rebound in the housing market within the next six months or so.

So to all those Vermonters who have been sitting on the fence awaiting good news, here it is, now is the time to get out there and find the home of your dreams!

Talk to you soon!

Bill Desautels

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