Looking back to 2007: Dublin's home sales suffered as a result of the mortgage loan crisis. Mortgage companies have tightened their belts and made stricter lending practices which have translated in to lagging sales for the high end market.
Looking forward to 2008: Dublin's home sales will improve as a result of the economic stimulous package. Some of the changes that will directly impact Dublin's high end housing market are the increased Fannie Mae and Freddie Mac loan limits from $417,000 to $729,750 and Federal Housing Administration will now insure home loans up to $729,750, the previous cap was $367,000.
To get complete details on these changes and more, click on the link below which will take you to a Realtor.com article.
http://www.realtor.org/RMODaily.nsf/pages/News2008012501?OpenDocument