BUZ LIVINGSTON: The American struggle

Published: Sunday, September 22, 2013 at 09:08 AM.

Housing prices and homebuilding activity has picked up especially on the local level. However the locomotive for South Walton’s economy could be throttled back. In 2014, mortgages may be more costly with rates increasing but also more challenging.  The size of loans backed by Freddie Mac and Fannie Mae will be slashed next year in addition to new rules regarding mortgages.  This double barrel whammy could temper the South Walton growth engine (and the ATM the county loves). If you are planning get a mortgage, move quickly. 

With uncertainty facing real estate and repercussions from the Great Recession still evident, failure to raise the debt limit will only exacerbate our problems.

Buz Livingston, CFP, has the only investment management and financial planning firm in the entire world headquartered in Blue Mountain Beach. Contact him at 850-267-1068 or www.livingstonfinancial.net.  He’s a tweeting fool, follow him @BuzLivingston. 



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