21.11.2011 - Yet another setback to housing market
Three of the seven homes we built and sold were financed through the Federal Housing Administration. The recent changes in the loan limits in our market from $293,650 to $271,050 would have been a big blow to our company, as it would have surely killed two of the sales and possibly a third. These across-the-board reductions in the loan limits (not just the high end that your editorial insinuates) are yet another significant setback to the morbid housing market...............................................Full Article: Source
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