Local market outlook - there is always an opportunity for someone - 01/28/09 05:49 PM
As we move into 2009, there is a lot of uncertainty in the market, liquidity has not been restored to our financial market, the FHA conforming loan limits nationwide have been reduced, and we have just ushered in a new administration.
The lowering of the FHA conforming loan limits will have a significant impact on properties in our local market, in Sandy Hook primarily in the $510,000 to $730,000 range. In 2008, you could buy a home in Sandy Hook with 3% down up to a loan amount of $708,750 with a FHA loan, which mean that homes selling for up … (2 comments)

 
John Queenan (CDPE, Nicholas H. Fingelly Real Estate) Rainmaker_large

John Queenan

Sandy Hook, CT

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CDPE, Nicholas H. Fingelly Real Estate

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