UG’s Primer, Part 1: UGB, restricted growth, and the effect of supply on real estate prices
My last year at Nordstrom was 1979. I was the divisional men’s shoe merchandiser for the six Oregon stores, and the national economy was that of Jimmy Carter: High inflation (12%), high interest rates (prime 12.25%); malaise. Not in spite of that, but because of that we had a record year: 27% increase in sales, […]
HUD, FHA, GSE, ETC.
Housing and Urban Development just released its national list, by county, of new limits for conforming loans and qualified FHA loans.
Interesting: the median price for the Portland Metro area was figured @ $335k, so limits for both FHA loans and conforming loans went to $418,750. That’s insignificant for conforming loans - they’ve been $417k - […]
