Friday, July 8, 2011

Loan Limit: Will It or Won't It Hurt Housing?

It is unknown how the upcoming change to the loan limit will affect the housing market. The initial prediction is prices will go down as fewer people will be able to buy high cost housing because they have less purchasing power. However, new research from the George Washington University indicates there will be little change as 95% of people will be able to loan and buy in exactly the same way. Many economists have given varying opinions on the matter and only time will tell of the long term effects.

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