Just saw a quick blurb on this- HUD raised the FHA loan limits to $346,250 in Maricopa and Pinal Counties. This should help out our mortgage situations somewhat. I’ll try to find an article to back this up later…
One Family- $346,250
Two Family- $443,250
Three Family- $535,800
Four Family- $665,850
Here’s yet another study I found a little earlier, documenting my previous claims of a historical average rate of appreciation to be 4-7%. ASU’s PolyTechnic published this article, and although it’s not updated for 2007, still has some great information in here. What surprised me a little is the appreciation rates around the ‘Corporate’ areas in town- Central Phoenix, Camelback Areas, South Scottsdale, all did very well. Notice how much lower the condo/townhome market is compared to single family housing. Just too much supply, not enough demand for those things (but do very well as rentals). Check it out, let me know your thoughts.
