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New developments in the housing sector, Fannie Mae and Freddie Mac strike a deal with the treasury department. The deal means that US taxpayers will get their money back 4 years earlier than anticipated. A new report has some encouraging news on home sale prices. Its very important to keep in mind that the housing market was very crucial, if not central the central issue, to the recession, but how do these various promising reports help the market? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss how the housing market is doing and how it impacts the economy as a whole.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: economy, fannie mae, financial advisor, fox news, freddie mac, home sales, housing sector, market, taxpayers, treasury department, wealth manager