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A jumbo problem for housing

Posted on 01 September 2011

For millions of homeowners, the bursting of the housing bubble seems like a never-ending nightmare. But in just another month, a new chapter of that saga may begin for homeowners and potential buyers in high-priced real estate markets.

The latest bad news for housing comes from the federal government, which is reducing the size of mortgage loans that are eligible for government guarantees. Although everyone knew the move would come eventually, hopes that the market would already have recovered by the time limits moved back down have proven overly optimistic……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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