San Diego Housing: Lower conforming limit caused 84% decline in loan volume

In Los Angeles and Orange Counties, the conforming loan limit dropped from $729,750 to $625,000 on October 1, 2011. Many market bulls claimed this would have no effect on sales. In November sales of houses with loans between $625,000 and $729,750 declined 84% as compared to last November. So… – Lower conforming limit caused 84% decline in loan volume


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