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Real Estate News
 
January 2008
> House OKs Lift on Fannie, Freddie Loan Limits
The economic stimulus package approved by the House on Thursday lifts the size of home loans that may be bought or insured by Fannie Mae and Freddie Mac, a move that NAR applauds.
 
> 2007 Existing-home Sales Fifth Highest
December sales were down 2.2 percent as households continue to sit on sidelines despite improved affordability.
 
> Fed Issues Emergency Rate-Cut
The Fed slashed its key rate to 3.5 percent today, citing a weakening economic outlook.
 
> NAR Urges Bush to Tackle Housing Woes
Loosening Fannie and Freddie rules should be the key part of a federal economic stimulus plan, says NAR's president.
 
> Existing-Home Sales to Hold Steady in Early 2008
NAR's latest forecast shows existing-home sales rising later this year and continuing to improve in 2009. Read other NAR forecasts for existing-home sales.
 
> A Normal Market: Outlook Shows Steadying Picture
Will 2008 be a tough year in real estate? For some, yes, but forecasters explain why another year approaching 6 million in existing-home sales is on the way.
 
 
 
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