Real Estate News - 03/07/07

MORTGAGES
Federal Reserve Chairman Ben Bernanke urged Congress on Tuesday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac, and suggested limiting their massive holdings to guard against any danger their debt poses to the overall economy.

CONDOMINIUMS
If homebuilders are right, the condo market will look significantly brighter six months from now, though current conditions remain substantially weaker than they did one year ago.

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