Bottom's Up: This Real-Estate Rout May Be Short-Lived

Barron's had an optimistic outlook on the market. Finally, one lone voice in the "we're all dead" real estate media frenzy. In a nutshell, Fannie Mae and Freddie Mac's impending doom and savior may be the sign of the turning point. This could be the lowest point and pivot for all future financing. Without financing options, only cash buyers will be able to buy a home. The system of finance, the economic engines require buying, spending, loaning and borrowing. Somethings gonna have to give. The only thing outside of this Fannie/Freddie theory is the continuation of foreclosures. Foreclosures have only just begun. If you have an adjustable loan, let's lock that thing in. Pat Townsley, Mortgage Broker...still open for business. 415-485-1776. www.ptre.net