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FHA loan limits

This morning on CNBC they were talking about the existing home sales reports. The reports indicate that the housing market is in good shape for homes selling up to $250,000.00 after that there is little or no activity. Our local MLS stats support those statistics. I think our government should be looking at increasing the FHA loan limit to at least the conforming loan limit of $417,000.00. It seems to me that if we give people an opportunity to buy a home with great interest rates and a 3.5% down payment that would open a lot of doors. Does anyone have any idea how we can get NAR and congress to look at this idea?

Your comments would be appreciated.

Posted Friday Sep 25