Lisa's Blog

I just had an email pop up stating that the conforming loan limit has temporarily increased to $729,750 with Fannie Mae accepting the loans effective May 1st. Guidelines are being published and I will decode and post when it becomes available & understandable!

This could really help the upper end home sales, as anything over $600,000 is stagnant right now. The lower end, especially in the $300-$400K range, is pretty hot right now with many properties receiving multiple offers. I am hearing plenty of stories from agents as well as experiencing it myself firsthand. Is it the bottom? We certainly don't know. But we won't know until it starts to go up.

Contact me if you would like to discuss or receive more information.