nonconforming loan limits reduced

this is totally bullish for nyc real estate you fool

Home prices are down, so it's a wash

Will the high ballers take this into acct?

high ballers will likely pay cash, but that doesn't affect a majority of home buyers in nyc. everything from 800k-1m range will see likely reductions in price in my opinion.

agreed

Hmm. But the rates are low enough that you can get a jumbo today for the price you'd have paid for a conforming loan six months ago. I'm not so sure that this alone will trigger price reductions.

Old new, move on. No effect on Manhattan. On banker's bonus is enough to buy the entire 6th Avenue corridor.

Get real.

"Old news" - OOPS! "One banker" - DOUBLE OOPS!

So much for sarcasm.