Eric, Real Estate Professional in Phoenix, AZ Email Phone
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Eric

"(602) 903-7782"
  • 2 Answers
  • 2 Blog posts
  • 3 Listings
Agent at Equity Builders Realty
Experience:
Realtor for Equity Builders Realty of Arizona December 2011—present
Full service brokerage specializing in bank-owned properties.
Specialties:
bank owned properties, rentals, short sales
Certifications
& Awards:
Top team member in 2010 at Keller Williams Professional Partners based on gross commissions.
Interests:
bank owned properties, fix n flips, remodels, property management, investment ... show more
About:
I am passionate about helping people find housing. I enjoy living with my family in Arizona and traveling to Jackson Hole, WY and San Diego. My kids keep ... show more
Testimonials:
"Eric is one of the most knowledgable real estate professionals that I have come across during my time as a developer. He consistently has his pulse on ... show more
Eric answered:
Prior to the financial crisis in 2008, the Federal Reserve Board reduced the Federal Funds rate to just above 0% and the gov't took an active role in the mortgage market, eg. Fannie/Freddie. Fast forward to today and the Federal Reserve has the Fed Funds rate at 0.25% and the Obama administration is coming out with more gov't intrusion into the mortgage market with plans for gov't sponsored loan mods and refi's.

The first situation resulted in a real estate bubble and the actions by the Fed and Gov't today will most likely produce the same, in due time. - Sun Feb 12, 2012
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