[quote=earlyretirement]The trends don’t look too good for the rest of 2011. I’m not sure how even the biggest bull could try to argue on that one.[/quote]
I’m not a “bull,” ER. I actually think the gov’mt should return the conforming limit to $417K. That’s more than adequate to purchase a $521,250 property with a std 20% downpayment (which is higher than the current median sold comps in most CA areas).
Even if this happened, I STILL don’t believe it would affect the values in coveted coastal areas. There are too many buyers who have the money to purchase exactly what they want where they want in these areas and whatever the govm’t decides to do will have little impact on their decisions. It is what it is.
