In the third quarter of this year, the biggest story in real estate was the Mortgage Crisis. And while the majority of the attention was given to sub-prime loans, the rates for jumbo loans (mortgages over $417,000) spiked up during this time period. And with the majority of homes in Loudoun County priced in the Jumbo category, we are wondering what impact it will have on prices in Loudoun County.
So the Thursday Poll this week asks the question:
We will publish a post giving the actual change in median prices in the beginning of January.
And yes, we forgot to publish the poll yesterday (Thursday). But better late than never.