Conforming Loan Limits Extended For 2010

I know that many folks are supportive of this latest move by the government to help the housing market. I suppose it won't hurt anything, but I'm still trying to figure out if it helped anything here in Santa Barbara over the last year.

I don't believe any of the lenders I am familiar with have ever treated a loan between $417,000 and $729,000 as a conforming loan. They treat them as Jumbo Conforming which is an entirely different animal when it comes to the rate.

I believe that some of the increase we have experienced in the lower price points in our market are due to excellent loan rates below $417,000. I also believe that the higher rates over $417,000 have hampered the housing market above $500,000 in Santa Barbara.

Tell me what you think!

For additional reading
New Conforming Loan Limit Has Too Many Strings
Wild, Wild West: California Cold To 'Jumbo Conforming' Loans

RADIUS GROUP SOUTH COAST 3rd Quarter 2009 REVIEW

Santa Barbara

Office Vacancy increased from 6.7% to 7.2%.

Industrial Vacancy remained constant at 0.9%.

Retail Vacancy increased from 2.7% to 2.9%.



Goleta

Office Vacancy decreased from 11.6% to 10.8%.

Industrial Vacancy decreased from 7.6% to 7.4%.



Carpinteria

Office Vacancy decreased from 5.3% to 4.4%.

Industrial Vacancy increased from 7.3% to 13.3%.

Read The Entire Report

Hayes Commercial Publishes Commercial Property 2nd Quarter Review

Hayes Commercial has put out their review of commercial property activity for the first half of the year.

The report includes retail, industrial, and multi-family statistics.

The information about vacancy rates, as well as property sales is interesting to read.

Check it out