Industry NewsMortgage

Jumbo lending crunch killing high-end sales

NAR report: Impacts ripple through markets, economy
Published on May 18, 2009

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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, the National Association of Realtors concludese in a new research report.

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