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Is there any relationship between the S&P downgrade of US debt and the potential for a recovery in the US housing market?
After the S&P downgrade of the United States from AAA to AA+, the rating agency downgraded the ratings for Fannie Mae, the Federal Home Loan banks and Freddie Mac as well. The rationale was that these entities have "a direct reliance on the U.S. government."
There is an excellent article I would recommend reading to stay up to speed on the situation with the housing market as it exists now, with The Hallmark Abstract Sentinel keeping you current on any developments in the future.
"U.S. downgrade: How will it impact housing fundamentals"