Comments on: This just in: Conforming loan limit approved by Senate (up to $729,750)

By: eddy

eddy — Sat, 09 Feb 2008 23:46:19 +0000

Thank god they didn’t round it up to $730k?????

By: kennykohlmyer

kennykohlmyer — Sat, 09 Feb 2008 19:27:22 +0000

Hey. My name changed! Hi everybody!

By: kennykohlmyer

kennykohlmyer — Sat, 09 Feb 2008 19:26:33 +0000

If you figure a 729 cap for conforming, with 20 percent down, buyers will be looking at a ~912K cap. There are currently 61 active SFRs with at least one car parking in areas 1,2, and 5-9 for under ~912K. If you remove all the Sunset listings save the Inner Sunset, the inventory goes down to 24. This could be very interesting.

By: james

james — Sat, 09 Feb 2008 15:12:52 +0000

you are presuming the increased loan limit and the bailout of the lying sub prime mortgage fiasco are related. if they are, i’d agree with you. why subsidize someone that was dishonest about ever being able to afford to live in a house. i presume, however, that they are mutually exclusive and this is recognition that the current rates for jumbo’s does not good for those of us honest and hard working home owners in regional markets with an average sales price of 700k or higher.

By: Dave

Dave — Fri, 08 Feb 2008 21:13:41 +0000

How much more quickly will the FMs require a massive Federal bail-out as a result? They are already dangerously close to their asset limits and nation-wide housing price drops are threatening their economic stability. This will only exacerbate the situation.

Just what our local real estate industry and rich need: subsidy from the lower and middle classes of the rest of the country.

By: Later

Later — Fri, 08 Feb 2008 18:36:23 +0000

The Greenwich is live this Sun. Wow. Nice.

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSPropertyDetail&ARGUMENTS=-N704534251,-N217696,-N,-A,-N12124336

By: Later

Later — Fri, 08 Feb 2008 18:32:39 +0000

July 31, 2007, not July 31, 2008… so no delay right?

By: Bob

Bob — Fri, 08 Feb 2008 18:05:56 +0000

Doesn’t it say “July 31, 2007″ ?? Is is that a typo?

By: ResortatSquawCreek

ResortatSquawCreek — Fri, 08 Feb 2008 06:13:29 +0000

This is great news, congrats all! Going to be interesting….. as people may just hold off till July 31st to buy, meaning 1H08 activity will be lower than usual.

what are your thoughts guys?

RSC

By: Garrett

Garrett — Fri, 08 Feb 2008 04:21:59 +0000

i’m pretty sure theFrontSteps had something to do with it. i’m pretty sure washington is reading, listening and acting. job well done editor, job well done. so, while you’re at it, will you bring some more good inventory on the market…

[Editor's note: If you give us all some milk to go with those cookies in your avatar! Actually do have a couple other pocket listings to post up, which Coach A will love. That's some more inventory.]