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[flv:http://www.realestateradiousa.com/video/kramer1.flv 300 250] Earlier today on the Fort Lauderdale Real Estate Blog, I posted a story about deflation and its potential impact on the Fort Lauderdale real estate market. After getting a ton of emails I decided to publish this information on a national forum to get the opinion of agents and consumers nationwide.

This morning, President Bush signed the housing rescue bill that the Senate passed on Saturday. The sweeping $300 billion housing rescue bill is aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.

Senate Approves Measure, but Critics Say Law Unlikely to Prevent Most Foreclosures “This is not the end of the housing crunch,” said Jared Bernstein, a senior economist at the Economic Policy Institute. “Housing prices have already fallen 15 percent and they need to fall 10 percent more. This bill isn’t going to change that equation.”

Are your loan commitments being lost to the fear factor?

  We have a lot of fun on the air because of the absurdity of real estate professionals. Yes, sometimes we can be kind of harsh, but hey, it is a joke sometimes. Using professional and real estate in the same sentence, as I just did, is an oxymoron. A true professional would be able [...]