We have been published as Santa Clarita Real Estate agents once again in The Signal, the Santa Clarita Local Newspaper. It is always our pleasure to speak about the status of the Real Estate Market.
Today the questions as posed by Jana – The Business Reporter for the SCV Signal were as follows. This includes my responses as well:
Effective Saturday, Oct. 1, Fannie Mae and Freddie Mac will cut the size of loans they buy from lenders, forcing some future buyers into jumbo loan status.
In Los Angeles County, the loan limits for a single-family home in L.A. County is $625,500.
1. How much of an impact do you expect this change to have in the Santa Clarita Valley market?
2. Of those affected, what will the impact be?