On Oct. 1, the conforming loan limit was decreased, and the U.S. stopped guaranteeing loans larger than $625,500. To determine how the change in loan limits will impact home sales nationwide, Redfin released new data showing which areas are most vulnerable to the policy change.
The following information states the city/county, percent affected, previous loan limit, and new loan limit.
San Francisco, CA, 11 percent, $729,750, $625,500; San Mateo, CA, 8.5 percent, $729,750, $625,500; Arlington, VA, 8.3 percent, $729,750, $625,500; Santa Clara, CA, 6.2 percent, $729,750, $625,500; District of Columbia, 5.7 percent, $729,750, $625,500; San Diego, CA, 5 percent, $697,500, $546,250; Orange, CA, 4.5 percent, $729,750, $625,500; Fairfax City and County, VA, 4.4 percent, $729,750, $625,500; Suffolk, 4.3 percent, $523,750, $465,750; King, WA, 3.9 percent; $567,500, $506,000; Los Angeles, CA, 3.1 percent; $729,750, $625,500; Queens, NY, 2.1 percent, $729,750, $625,500; Sacramento, CA 0.7 percent, $580,000, $474,950; Baltimore City, MD, 0.7 percent; $560,000, $494,500; Multnomah, OR, 0.1 percent, $418,750, $417,000.

With Halloween behind us, retailers are in the Holiday Spirit. Businesses know that consumers spent a median
Daily Real Estate News
Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
The Federal Open Market Committee begins a scheduled, 2-day meeting today, the seventh of its 

After the financial market downturn in 2008, getting approved for a mortgage loan became even more difficult. Combine that with the fledgling economy, which left many people turning to freelance work, and the challenges involved in qualifying for a home mortgage increase exponentially. However, with a little extra work, home buyers using freelance work as proof of income still can qualify for a new loan.

