Oak Park, CA Real Estate News

By Carol Lee, Realtor - Agoura, Oak Park, Westlake CA Homes
(Dilbeck Real Estate)
Buyers and sellers in Oak Park, CA and all of the Conejo Valley should be helped by the agreement reached yesterday by the White House and Congressional leaders on a proposal to increase conforming loan limits.  This agreement is part of a larger economic stimilus package.  While all the details are not firm, this should be GREAT for buyers and sellers in much of Southern California!The proposal increases the maximum loan amount that government sponsored enterprises such as Fannie Mae, may purchase or guarantee on the secondary market.  The current amount of $417,000 doesn't buy a lot of house in this area!  The loan amount may go as high as $725,000 in high cost areas!Many buyers in here in Ventura County, and in much of California, are currently forced into the more expensive non-conf...
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