'A New Threat to Home Prices'

CNNMoney reports there is a new threat to home prices.  The threat is coming from a culmination of all financial issues facing Washington.  Between the growing national debt, the harrowing financial markets, and the weaning economic market, signs point to growing threat against home prices.  The issue: home mortgages will feel pressure on prices in high-end markets.  New loan limits are coming into play and these limits will mostly affect high-end markets and is said to affect 8% of the total U.S. housing market. 

You may be thinking, this will not affect me, this is only about high-end homes, wrong! If expensive homes stop selling, then prices for the houses under them will feel the pressure too.  As this issue will fall from high-end to low-end there is threat to the housing market.  Experts believe that President Obama will propose a major housing-related stimulus in the coming weeks as part of a broader economic plan.  May it be cutting conforming loans or creating more hurdles for 'jumbo' loans.

*related article here, CNNMONEY.com

Matt Ullrich
303.941.2452.cell
303.415.2251.office
ullrich@boulderco.com
RE/MAX of Boulder, INC