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North Clybourn Group

North Clybourn Group
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Chicago's Independent Real Estate Agency
Oct 8,2008
Ever since the announcement that Fannie Mae and Freddie Mac would be taken over by the government, the theories about ramifications have been flying. Obviously, it will affect the shareholders much sooner than it will affect anyone else. In theory, the takeover is supposed to save them…but it’s also supposed to save the entire mortgage industry (some will say the entire American economy). The original goal of Fannie Mae (started in 1938 and publicly traded in 1968) was to help the mortgage industry during tough economic times. Freddie Mac started in 1970 to provide a competitor so that one company didn’t have a monopoly on government-backed loans. The government takeover is to ensure that they can both continue in this endeavor but still provide a solid investment for their shareholders. In theory. Some economists warn that the takeover is just a temporary fix—like drinking more coffee to stay awake. Others say this is exactly what is needed—temporary relief to help the market stabilize. Since no one can predict the future, that coin could fall either way. The takeover is designed to allow the mortgage rates to drop further. This will hopefully spur the industry while lending institutions follow more strict lending practices so that the loans are more secure. Hence, they can continue to grow, the real estate industry will stabilize, and eventually the government can withdraw control. Will it happen this way? Again, only time will tell, and some are saying it will be several months before the world sees any real indication of how things will play out.

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Welcome to North Clybourn Group

Whether you’re looking for your dream home, rental property, someone to buy your home, or tenants to fill your property – we’ll give you a perfect match every time.

North Clybourn Group is Chicago’s leading real estate authority and your portal to property solutions.  We’ve been matchmaking buyers, sellers, owners, and tenants for almost twenty years…including some of Chicago’s biggest developers and rental properties.

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When you need an honest, easy-to-work-with agent, who stays in constant communication with clients, you need North Clybourn.  To make your real estate search faster and easier, call one of our agents now!
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Illuminated modern living/sleek duplex penthouse 2 bed/2. 1 bath, new construction. Dbl horizontal flat panel cabinets w/aluminum trim, viking appliances, blomus clean burn fireplace, exotic hdwd thruout, custom closets, accent tile walls and sublime stonework spectacular master, steam, rain, body sprays, whrlpl, decolav, jado, duravit, private 18x34 roof rights w/sweeping views grg pkg, select finishes, 60 day deliv.

 

 
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