October 1 Loan Limit Changes

[Broken Bells]

Walter: I’m on schedule to die around 2060. 🙂 Love your nic that’s the best show on tv bar none. I love it so much I made some obey style shirts of Walter.

SDR: Thanks for your input. I’m fairly sure I’m overthinking things.

[briansd1]

[quote=SD Realtor]

To the OP, the oan limitations may help a little bit but your greatest hope will be a prolonged increasing interest rate environment that over a long period of time will whittle the buyers pool down. Hoping for a dramatic shift in the quantity of buyers is, in my opinion, a longshot at best.[/quote]

I agree with SD R.

To hear many pundits declare it, as the national debt increases, interest rates will shoot up. I don’t really know because rates are much lower now than decades ago when the national debt was much lower.

Or it could be that a government default would cause rates to shoot up.

You should wait at least until after Aug 3rd to see how the markets react to the national debt limit.

But more to the point, how the GSE limits affect the market are yet to be determined. But I’m thinking that people are on the edge of qualifying and want to buy will rush to buy this summer. That will front-load the sales that would happen next year (just like the tax credits of last year stole sales from this year).

[briansd1]

[quote=SD Realtor]

To the OP, the oan limitations may help a little bit but your greatest hope will be a prolonged increasing interest rate environment that over a long period of time will whittle the buyers pool down. Hoping for a dramatic shift in the quantity of buyers is, in my opinion, a longshot at best.[/quote]

I agree with SD R.

To hear many pundits declare it, as the national debt increases, interest rates will shoot up. I don’t really know because rates are much lower now than decades ago when the national debt was much lower.

Or it could be that a government default would cause rates to shoot up.

You should wait at least until after Aug 3rd to see how the markets react to the national debt limit.

But more to the point, how the GSE limits affect the market are yet to be determined. But I’m thinking that people are on the edge of qualifying and want to buy will rush to buy this summer. That will front-load the sales that would happen next year (just like the tax credits of last year stole sales from this year).

[briansd1]

[quote=SD Realtor]

To the OP, the oan limitations may help a little bit but your greatest hope will be a prolonged increasing interest rate environment that over a long period of time will whittle the buyers pool down. Hoping for a dramatic shift in the quantity of buyers is, in my opinion, a longshot at best.[/quote]

I agree with SD R.

To hear many pundits declare it, as the national debt increases, interest rates will shoot up. I don’t really know because rates are much lower now than decades ago when the national debt was much lower.

Or it could be that a government default would cause rates to shoot up.

You should wait at least until after Aug 3rd to see how the markets react to the national debt limit.

But more to the point, how the GSE limits affect the market are yet to be determined. But I’m thinking that people are on the edge of qualifying and want to buy will rush to buy this summer. That will front-load the sales that would happen next year (just like the tax credits of last year stole sales from this year).

[briansd1]

[quote=SD Realtor]

To the OP, the oan limitations may help a little bit but your greatest hope will be a prolonged increasing interest rate environment that over a long period of time will whittle the buyers pool down. Hoping for a dramatic shift in the quantity of buyers is, in my opinion, a longshot at best.[/quote]

I agree with SD R.

To hear many pundits declare it, as the national debt increases, interest rates will shoot up. I don’t really know because rates are much lower now than decades ago when the national debt was much lower.

Or it could be that a government default would cause rates to shoot up.

You should wait at least until after Aug 3rd to see how the markets react to the national debt limit.

But more to the point, how the GSE limits affect the market are yet to be determined. But I’m thinking that people are on the edge of qualifying and want to buy will rush to buy this summer. That will front-load the sales that would happen next year (just like the tax credits of last year stole sales from this year).

[briansd1]

[quote=SD Realtor]

To the OP, the oan limitations may help a little bit but your greatest hope will be a prolonged increasing interest rate environment that over a long period of time will whittle the buyers pool down. Hoping for a dramatic shift in the quantity of buyers is, in my opinion, a longshot at best.[/quote]

I agree with SD R.

To hear many pundits declare it, as the national debt increases, interest rates will shoot up. I don’t really know because rates are much lower now than decades ago when the national debt was much lower.

Or it could be that a government default would cause rates to shoot up.

You should wait at least until after Aug 3rd to see how the markets react to the national debt limit.

But more to the point, how the GSE limits affect the market are yet to be determined. But I’m thinking that people are on the edge of qualifying and want to buy will rush to buy this summer. That will front-load the sales that would happen next year (just like the tax credits of last year stole sales from this year).

[Huckleberry]

I beleive it’s going to have a significant impact on housing in high valuation areas such as along the coast.

Here is an excellent article by the WSJ that has mapping of highest affected areas, and SD is on the top of the list.

http://online.wsj.com/article/SB10001424052702303763404576420101788878440.html

NAR (whom I never beleive because they constantly exaggerate everything) has stated this will instantly remove 15% of value from all housing across the board. Now, I don’t beleive that number, but I also don’t think it is negligible, especially in high valuation areas.

I think another thing you should be well aware of is that Congress is now debating the whole debt ceiling issue, and part of that is an idea to eliminate the mortgage interest deduction. Again, this one thing alone in my opinion will have a significant impact on high value homes. By my calculations, a $400K loan gets $105K of tax relief (over the term of the loan) from this tax break. If this is removed, it will remove the motivation for many to purchase, hence less demand…

Aggregate the impacts of both of these policy changes, and this is no laughing matter for someone looking to purchase now!

I’m just sayin’…

[Huckleberry]

I beleive it’s going to have a significant impact on housing in high valuation areas such as along the coast.

Here is an excellent article by the WSJ that has mapping of highest affected areas, and SD is on the top of the list.

http://online.wsj.com/article/SB10001424052702303763404576420101788878440.html

NAR (whom I never beleive because they constantly exaggerate everything) has stated this will instantly remove 15% of value from all housing across the board. Now, I don’t beleive that number, but I also don’t think it is negligible, especially in high valuation areas.

I think another thing you should be well aware of is that Congress is now debating the whole debt ceiling issue, and part of that is an idea to eliminate the mortgage interest deduction. Again, this one thing alone in my opinion will have a significant impact on high value homes. By my calculations, a $400K loan gets $105K of tax relief (over the term of the loan) from this tax break. If this is removed, it will remove the motivation for many to purchase, hence less demand…

Aggregate the impacts of both of these policy changes, and this is no laughing matter for someone looking to purchase now!

I’m just sayin’…

[Huckleberry]

I beleive it’s going to have a significant impact on housing in high valuation areas such as along the coast.

Here is an excellent article by the WSJ that has mapping of highest affected areas, and SD is on the top of the list.

http://online.wsj.com/article/SB10001424052702303763404576420101788878440.html

NAR (whom I never beleive because they constantly exaggerate everything) has stated this will instantly remove 15% of value from all housing across the board. Now, I don’t beleive that number, but I also don’t think it is negligible, especially in high valuation areas.

I think another thing you should be well aware of is that Congress is now debating the whole debt ceiling issue, and part of that is an idea to eliminate the mortgage interest deduction. Again, this one thing alone in my opinion will have a significant impact on high value homes. By my calculations, a $400K loan gets $105K of tax relief (over the term of the loan) from this tax break. If this is removed, it will remove the motivation for many to purchase, hence less demand…

Aggregate the impacts of both of these policy changes, and this is no laughing matter for someone looking to purchase now!

I’m just sayin’…

[Huckleberry]

I beleive it’s going to have a significant impact on housing in high valuation areas such as along the coast.

Here is an excellent article by the WSJ that has mapping of highest affected areas, and SD is on the top of the list.

http://online.wsj.com/article/SB10001424052702303763404576420101788878440.html

NAR (whom I never beleive because they constantly exaggerate everything) has stated this will instantly remove 15% of value from all housing across the board. Now, I don’t beleive that number, but I also don’t think it is negligible, especially in high valuation areas.

I think another thing you should be well aware of is that Congress is now debating the whole debt ceiling issue, and part of that is an idea to eliminate the mortgage interest deduction. Again, this one thing alone in my opinion will have a significant impact on high value homes. By my calculations, a $400K loan gets $105K of tax relief (over the term of the loan) from this tax break. If this is removed, it will remove the motivation for many to purchase, hence less demand…

Aggregate the impacts of both of these policy changes, and this is no laughing matter for someone looking to purchase now!

I’m just sayin’…

[Huckleberry]

I beleive it’s going to have a significant impact on housing in high valuation areas such as along the coast.

Here is an excellent article by the WSJ that has mapping of highest affected areas, and SD is on the top of the list.

http://online.wsj.com/article/SB10001424052702303763404576420101788878440.html

NAR (whom I never beleive because they constantly exaggerate everything) has stated this will instantly remove 15% of value from all housing across the board. Now, I don’t beleive that number, but I also don’t think it is negligible, especially in high valuation areas.

I think another thing you should be well aware of is that Congress is now debating the whole debt ceiling issue, and part of that is an idea to eliminate the mortgage interest deduction. Again, this one thing alone in my opinion will have a significant impact on high value homes. By my calculations, a $400K loan gets $105K of tax relief (over the term of the loan) from this tax break. If this is removed, it will remove the motivation for many to purchase, hence less demand…

Aggregate the impacts of both of these policy changes, and this is no laughing matter for someone looking to purchase now!

I’m just sayin’…

[AK]

I imagine this will boost demand for properties around the $546K loan limit, which should help shore up the lower end of the market.

One can still find a pretty nice house for $546K.

[AK]

I imagine this will boost demand for properties around the $546K loan limit, which should help shore up the lower end of the market.

One can still find a pretty nice house for $546K.

[AK]

I imagine this will boost demand for properties around the $546K loan limit, which should help shore up the lower end of the market.

One can still find a pretty nice house for $546K.

[AK]

I imagine this will boost demand for properties around the $546K loan limit, which should help shore up the lower end of the market.

One can still find a pretty nice house for $546K.

[Author]

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