Selling a high end home ANYWHERE is very tough with jumbo loan rates hovering in the mid 7's or above. Few buyers are willing to make the leap from a 5.0% +- conventional mortgage to a 7.5% or higher jumbo mortgage (those above $417,000). There is a way to get to the closing table for you sellers....if you're willing:
Meanwhile here's a sad sad story about one such high end homeowner who's even got famed housing economist Robert Shiller talking smack about his property. How they got Shiller to do this I'll never know. It's a great bit of fun poked at our Treasury Secretary.
|The Daily Show With Jon Stewart||Mon - Thurs 11p / 10c|
|Home Crisis Investigation|