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by CareyBot

The limited availability and high cost of "jumbo" loans not backed by the government is taking a toll on sales of high-priced homes, a trend that's rippling through housing markets and the economy, according to a new research report by the National Association of Realtors.The report floats the idea of temporarily lifting the $729,750 conforming loan limit in place for high-cost markets, using government bailout money to expand jumbo lending, and encouraging more competition among lenders by facilitating warehouse lending to small- and medium-sized lenders.Homes priced above $750,000 accounted for 4.4 percent of sales in 2007, but this year represent only 2.3 percent of sales, NAR said. The months' supply of high-priced homes has risen from 18.7 months to 41.1 months during the sa...