Burbank Real Estate Blog

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Burbank Housing Market Update!

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While certainly not the hardest hit area, Burbank has felt the pain related to the subprime situation.  Increasingly buyers are finding it more difficult to buy a home, especially if the price is above the conforming limit of $417,000 and if they have any issues related to their credit history. 

 

For a detailed look at housing statistics in Burbank, please visit the  Burbank Housing Report.....

3 commentsBurbank Real Estate Agent Ana Connell • October 25 2007 12:19AM

Comments

hi ana, we have the same problem in Long beach, ca....if the price is over $417000 things get really sticky!!!  ktm
Posted by Prudential California Realty/Gem Mortgage over 2 years ago
Ana - You're so right about the conforming rate.  I don't recall this being as large an issue in the past.  There is talk of raising the conforming rate.  I do think that will loosen things up a bit.
Posted by Laguna Homes|Laguna Condos| Laguna Real Estate|Marlene Bridges (Sherman Smith & Associates) over 2 years ago
Sorry... I'm just smiling as I watch all of your graphics change. I'll stop now. :)
Posted by Jeff Turner (Real Estate Shows) over 2 years ago

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