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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (1125)12/6/2001 2:58:35 PM
From: TradeliteRead Replies (2) | Respond to of 306849
 
Agree totally. An old saying in real estate:
Price of the house doesn't matter....it's all in how the deal is structured and financed.

By the way, has everyone noticed that the conforming loan limit has just been raised? Rates can go up if they want, but the price of a home loan just got reduced for many people buying $275-$300,000+ homes. (Sorry, don't have exact loan limit figures in my head at the moment, but the news is significant for many homebuyers.)



To: GraceZ who wrote (1125)12/7/2001 2:30:51 PM
From: J. P.Respond to of 306849
 
Thanks, good points. I think the housing market here in Chicago must be unique. There really has never been a decline, and the last few years have been phenomenal. Maybe this is due to the strong job market and the huge population which can only expand west.

I'll still be watching and wondering...hoping that the prices of the houses in my area decrease by 100K and not the opposite...


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