March 6, 2008
Raphael Bostic, a real estate professor at USC, said it is definitely good for the county, but, "I'm not sure it's a savior for the housing market." He said that the increase in the FHA limit will help people with poor credit – previously served by subprime lenders – get loans. "I actually think the cheaper rate is not the issue, it's any rate," Bostic said.