That house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.
