The Treasury Department’s move to takeover Freddie Mac and Fannie Mae over the weekend surprised me. But then again, when you give someone an open line of credit, maybe you want greater accountability and say in the overall management. Well that is exactly what happened and it appears to be a very good, if only for the short term, for the housing market. Read more about the takeover and what benefits we could see in my weekly column, “Takeover of Freddie, Fannie is Good for Short Term,” over at Rocklin & Roseville Today.
Other News: No surprise, should have expected it, September is busy. Not only has the local Sacramento and Roseville real estate markets remained active but getting back into the school and soccer routine has caused us a fair amount of angst this past week and there doesn’t seem to be much relief in sight. Always good to be busy!
