The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit will remain $417,000 for 2009 for most areas in the U.S. but specified higher limits in certain cities and counties.

I have been selling a lot of second home condos this year and this is another thought that you can use. If you do not want to have your condo empty, you can pick up some extra cash to pay your condo fees and taxes.

An experienced agent will tell you, its not what the seller’s are asking. But more what the condo is worth. The seller may not be asking the correct price! So its not how much off that you can get of the asking price.