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On Oct. 1, the conforming loan limit was decreased, and the U.S. stopped guaranteeing loans larger than $625,500. To determine how the change in loan limits will impact home sales nationwide, Redfin released new data showing which areas are most vulnerable to the policy change.

The following information states the city/county, percent affected, previous loan limit, and new loan limit.

San Francisco, CA, 11 percent, $729,750, $625,500; San Mateo, CA, 8.5 percent, $729,750, $625,500; Arlington, VA, 8.3 percent, $729,750, $625,500; Santa Clara, CA, 6.2 percent, $729,750, $625,500; District of Columbia, 5.7 percent, $729,750, $625,500; San Diego, CA, 5 percent, $697,500, $546,250; Orange, CA, 4.5 percent, $729,750, $625,500; Fairfax City and County, VA, 4.4 percent, $729,750, $625,500; Suffolk, 4.3 percent, $523,750, $465,750; King, WA, 3.9 percent; $567,500, $506,000; Los Angeles, CA, 3.1 percent; $729,750, $625,500; Queens, NY, 2.1 percent, $729,750, $625,500; Sacramento, CA 0.7 percent, $580,000, $474,950; Baltimore City, MD, 0.7 percent; $560,000, $494,500; Multnomah, OR, 0.1 percent, $418,750, $417,000.

C.A.R.


Posted by Adam Andrus on October 6th, 2011 10:43 AMPost a Comment (0)

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