The recent passage of the Housing and Economic Recovery Act of 2008 has been hailed by the National Association of Realtors as a keystone piece of legislation to help rebuild the housing market and national economy for the United States.

The goal is stability and the stemming of the rising number of foreclosures nationwise which is to be achieved through a system of major shake ups to the mortgage industry through the increased availablilty of FHA (Federal Housing Administration) backed loans as well as changes at FNMA and FHLMC. (Fannie Mae and Freddie Mac)

A great part of the bill is the provision for a $7,500 tax credit for first time homebuyers - a much needed shot in the arm for the market.

These measures have long been proposed and supported by the National Association of Realtors and by using a Realtor, you can be sure you are getting a professional Real Estate agent who subscribes to a strict code of ethics as well as someone who is part of a family of 1.2 million Real Estate professionals nationwide who has the interests in helping people buy their own home at heart.

If you are interested in Malibu Real Estate, and are considering purchasing a home in the Malibu or Westside area then please contact Judy Kunisaki, Realtor on 310-317-8396 for professional real estate advice in the area.

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