Inauguration
If any of you have been watching the inauguration coverage lately it’s obvious that the “plan” to revive the housing market is still up in the air. There have been many suggestions that include the likes of driving interest rates to 3.5%, implementing another stimulus package, modifying more loans, lowering principal balances, giving a 10% tax credit on all new purchases, among many other suggestions. I tend to lean towards interest rate improvement and tax credits.
At the end of the day, we might all decide that the real bailout or plan that needs to occur is one of “confidence”. The American people need a renewed commitment from our government and their unwavering support to lead us in a path of future growth and transparency. We’ll see what will happen; we are only two days away from our Nations official inauguration of President elect Obama. Stay tuned!
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