Planning Real Estate

The unstable financial market has not eased up speculation on the future of the housing market even with the move by the US Federal Government to get a share of the broken real estate giants Fannie Mae and Freddie Mac. The prices of houses are still dropping at record lows and mortgages are following suit. The housing market has been waiting for national recovery for them to unload the huge amounts of investment they have tied down to homes that have already been built. With people losing jobs everyday, the number of buyers are dropping and sometimes not even existent to get accurate counts.
On the other hand, the small percentage of the population who have enough cash to spare are buying up all they could for a time when the economy bounces back and house prices rebound. The rich are seen investing and buying out some prime real estate as the recession sends prices rock-bottom. Just hope their wisdom in doing so gets them off the hook in a short time or risk having several white elephants in their inventory, with no buyers as the rest of the industry is in.