Phoenix Arizona Investment Property with Oggy Karchev of Realty ONE Group

In an effort to loosen credit and get more loans flowing, the Federal Reserve rolled out two new programs that would provide up to $800 billion. The allocated funds will be broken out as follows:

• $200 billion to buy credit card loans, auto loans, student loans and loans to small businesses;
• $500 billion to buy mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac;
•  and another $100 billion to directly purchase mortgages held by Fannie, Freddie and the Federal Home Loan Banks.

Bank Owned Homes and Foreclosures are still through the roof in the Phoenix real estate market but it seems as though a shot of addrenaline could spark some movent in the Investment property market. Soon as they release the money and banks loosend up and start lending, we should see an uprise in home sales.