Opinion requested on 92104 South Park Area – please

[jpinpb]

[quote=urbanrealtor]The 500k mark is major point of cleavage in the way people buy.
You are totally right.[/quote]

Why do you think that is? I have my opinions on it, but would love to hear why you think it is so.

[jpinpb]

Okay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280

One of those listed and contingent simultaneous deals.

[jpinpb]

Okay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280

One of those listed and contingent simultaneous deals.

[jpinpb]

Okay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280

One of those listed and contingent simultaneous deals.

[jpinpb]

Okay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280

One of those listed and contingent simultaneous deals.

[jpinpb]

Okay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280

One of those listed and contingent simultaneous deals.

[sdrealtor]

The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.

[sdrealtor]

The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.

[sdrealtor]

The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.

[sdrealtor]

The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.

[sdrealtor]

The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.

[jpinpb]

[quote=sdrealtor]The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.[/quote]

I thought they raised the 417k loan limit. 20% down? I wish I could remember where I read it and the percentage, but I can’t. But from what I remember, I read somewhere about how high of a percentage the FHA loans were, overshadowing any conventional loans.

[jpinpb]

[quote=sdrealtor]The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.[/quote]

I thought they raised the 417k loan limit. 20% down? I wish I could remember where I read it and the percentage, but I can’t. But from what I remember, I read somewhere about how high of a percentage the FHA loans were, overshadowing any conventional loans.

[jpinpb]

[quote=sdrealtor]The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.[/quote]

I thought they raised the 417k loan limit. 20% down? I wish I could remember where I read it and the percentage, but I can’t. But from what I remember, I read somewhere about how high of a percentage the FHA loans were, overshadowing any conventional loans.

[jpinpb]

[quote=sdrealtor]The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.[/quote]

I thought they raised the 417k loan limit. 20% down? I wish I could remember where I read it and the percentage, but I can’t. But from what I remember, I read somewhere about how high of a percentage the FHA loans were, overshadowing any conventional loans.

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