Bravo to the Freddie Mac First Look Program!

Freddie Mac
Image via Wikipedia


Starting September 2010, this program gave owner-occupied buyers 15 days to buy homes before investors can get into the offer process.  Last year I was seeing investors with all cash swooping in on prime real estate and winning the contract while interested first time buyers were unable to get a toe-hold in the home buying process.

I think this program will let the number of owner occupied buyers rise up again.

I commend Freddie Mac for taking this sane initiative.  We need more sanity in the real estate arena.  Click here to get the press release – 

Care to comment?

Pat Chadwell, Broker
Realty World – Residential Specialists

Enhanced by Zemanta