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Home › Forums › Housing › Home prices back to 2003 levels – according to the UT › According to THIS link from

November 15, 2007 at 9:36 AM #99858
kev374
Participant

According to THIS link from DataQuick we’re back to Spring 2005 levels.

Here it the thing, the article says the SoCal median is $444,000 and the typical mortgage payment is $2111. A 30yr loan on 444k with $88,000 down at 6.8% would be $2,320 which is the basic mortgage payment only. And I know most are not putting 20% down, how did they arrive at this low figure?