Enough negative news about the industry...we have plenty of bad news lately with all the natural disasters in the headlines. A new article on Forbes.com ranks San Jose number one on their list of the most desirable places to sell a home. (San Francisco is number two.)
We are seeing many of the items in their profile every day: low inventory that is still shrinking; a cutback in new home construction, because of financing and limited available land; and a strong job market, despite the economy. They also mention the raised limits on Freddie Mac and Fannie Mae loans, and we are finally seeing lenders willing to work with the Jumbo Conforming loans...the interest differential is down to only 1/8% from regular conforming rates.
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