The Office of Federal Housing Enterprise Oversight (OFHEO) announced Tuesday it will keep conforming loan limits at current levels of $417,000 for single-family mortgages in 2008, and also hinted it could lower the limits in 2009 if home prices continue to decline.The conforming loan limit determines the maximum size of a mortgage that Fannie Mae [...]

“A home is where the bad investment is.”– San Francisco Examiner. 1996“Financial planners agree that houses will continue to be a poor investment.”– Kiplinger’s Personal Financial Magazine, 1993“We’re starting to go back to the time when you bought a home not for its potential money-making abilities, but rather as a nesting spot.”– Los Angeles Times, [...]

by Carol LloydSunday, November 11, 2007F rom the mortgage meltdown to the plunge in home sales, dark clouds continue to threaten San Francisco’s seemingly endless real estate summer. And yet remarkably, local Realtors I know seem as cheery as ever.“It doesn’t look slow to me,” says Bonnie Spindler of Zephyr Real Estate. “I keep telling [...]