FHA loan limits are going down, so what effect on Phoenix?

http://www.youtube.com/watch?v=meup5JGXESk&feature=channel_video_title The FHA loan limits will be going down in October of 2011. The limits in Maricopa County will be going from $346,250 to $271,050. So what that means as an FHA buyer, if you are planning on spending anywhere between $271,050 up to $346,250 in the Chandler or Phoenix area you better act quickly. […]