Play
Prev
Next

Luxury Homes and Jumbo Loans

Would you believe that Jumbo Loans are helping drive the real estate recovery? According to a recent article in the Wall Street Journal, “Home sales using a jumbo mortgage had year-over-year growth of 7.9% through September, compared with 2.7% for nonjumbo sales.” In other words, metro home sales of over $1+ million were 28% higher […]