A proposed plan to increase the "jumbo loan" limit from $417k to $625k could be a nice spark for our housing market. Right now, here are the number of active listings in MLS for the following price points:
$500-$600k: 87
$600-$700k: 63
$700-$800k: 43
$800-$1m: 66
These are the homes that will really benefit from this change. Also, if this happens, expect another huge refinance boom...
From CNN Money...
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