[quote]I have been wondering how this area is holding up. Jumbo rates are often 2 percentage points above conforming. How many people can afford to buy at those rates while also being required to document their income. Contrary to populat Realtor belief rich foreigners are not lining up to buy homes in CV like they might in Del Mar and La Jolla.
Any insight would be appreciated.
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What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
