Ca Central Valley Real Estate will be 1st to Rebound! :)

By
Real Estate Broker/Owner with Prudential California Realty

Pendings are up, in fact doubling", closings are right behind! The Ca. Central Valley is rebounding in a big way when it comes to Real Estate. Now even more "GOOD NEWS". the Feds are helping out too! Check this excerpt from the Mercury News today....

 

FHA boosts loan ceiling

LIMIT NOW $729,750 IN VALLEY

By Sue McAllister
Mercury News

Article Launched: 03/06/2008 01:33:45 AM PST

 

"Offering a ray of hope for a struggling California housing market, the government Wednesday doubled the limit for loans guaranteed by the Federal Housing Administration in 14 high-cost California counties, including Santa Clara County.

New, temporary limits announced by the U.S. Department of Housing and Urban Development were derived from median home prices in each county, and top out at $729,750. Previously, the maximum was $362,790."...

...Full story on this link... http://www.mercurynews.com/valley/ci_8472574?nclick_check=1

 It's a great time to buy in the Ca Central VAlley! For all the Agents who worked so hard to survive this market fluctuation...Way to Go!!!

 

The Coach

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Rainmaker
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Tony & Darcy Cannon
Keller Williams Legacy - Woods Cross, UT
The C Team
Eric, that is great news!  I hope that some other areas in the country respond!  Thanks for the info!
Mar 06, 2008 04:02 PM #1
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Rainer
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Eric Bryant

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