President Bush has signed into law the $700 billion bailout of our nation’s financial system.  While there were many mixed emotions over the bill, it is a necessity to restore credit to our financial markets, specifically the real estate market.  While the bill will take months to take effect on Main Street, it is a key first step to help home sales pick up and prices stabilize in our nation’s real estate markets.  

San Clemente real estate has held on much stronger than other markets in the region; however, this bill is key to restoring confidence as sales pick up, inventory clears, and prices stabilize.  All of these factors will result in fewer San Clemente foreclosures and return the market to historical averages.  In addition, the bill helping to restore the credit markets will allow buyers who have traditionally been approved in normal markets get approved once again.  This is great news for San Clemente residents selling their homes.

For more information on San Clemente real estate, please explore the rest of our website or contact us!

This entry was posted on Sunday, October 5th, 2008 at 1:37 pm and is filed under Market News & Analysis, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.