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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home
Posted on 10/19/23 at 6:39 am to Crawdaddy
Posted on 10/19/23 at 6:39 am to Crawdaddy
quote:No, that’s the whole problem. Five years ago you could get a nice small home in areas like Arkansas and Louisiana for under $175k and now that number is closer to $250k. .
Problem is these young kids want a 300-400K home. There are plenty of 175K homes out there
1
Posted on 10/19/23 at 7:54 am to beaverfever
The median sale price in my neighborhood has dropped 18% this year according to redfin. So that's good news. Median sale price is now 500k. That's not so good seeing as the vast majority of these are all 1500 sq feet starter homes built in the early 90's. (I bought for 210k in 2015).
This post was edited on 10/19/23 at 7:57 am
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