Hefty Downpayment Now Required

Am I reading this right? Iving Housing Blog is reporting a house for $599,900 and you must put down $119,980? Ouch…

elephantNext time you feel like your own real estate market is not as good as you would like, read the Irving Housing Blog.This is another one of most fav real estate blogs because he is painfully honest.He has a post called Nobody Wants This One and he’s giving the example of a house that was purchased for $760,000 and is now on the market for $599,900.Get this. The income requirement is $149,975.Ouch.And they need a down payment of $119,980.My, how times have changed.Check out Nobody Wants This One

Leave a Reply