S&P downgrade could spark real estate market

Fannie and Freddie own or guarantee about half of all U. Their downgrade could mean higher mortgage rates for consumers. For the first five days in August, Dowing-Frye Realty had 61 pending house sales, compared to 37 pending sales during the same period last year. Wood doesn't expect a major interest rate increase in the residential market. Wood Realtors in Naples sales continue at a fairly good pace, as inventory continues to fall, Wood said. This material may not be published, broadcast, rewritten or redistributed. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Go ShotsPhotos of Southwest Florida residents hanging out at local hot spots around town. Biggest CatchSee photos from local anglers with their biggest catch of the day. At the MoviesFind movie showtimes, trailers, box office results and read the latest reviews. Editorial CartoonsCheck out our galleries of editorial cartoons about current events or personalities. Photo GalleriesCheck out the latest photo galleries from our staff photographers. E-EditionSign up to read an electronic replica of the Marco Eagle newspaper. Realtors