Good morning,
On the heels of the new FHA limits announced by HUD, a new type of loan may be available soon. It is called "jumbo light" of which I read on the Inman news this morning. If I am reading it correctly the government sponsored companies are working on their underwriting standards to reach the limit into the $700,000s.
This appears to be good news; however the information is sketchy. This could truly be a saving grace for unsold listings....also for move up buyers! I'll keep you posted as I hear news.
Spring is here and activity is definately increasing. As I said before, this too shall pass--meaning the cup half empty of real estate movement.
It is truly half full with more solutions on the way! Homebuying is still the best investment but it involves detailed research and careful decisions.
Keeping up the good work,
Mona
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