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'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out' (fortune.com)

submitted 3 days ago* (last edited 3 days ago) by [email protected] to c/[email protected]

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Well I am just shocked, SHOCKED I say! Well...not that shocked

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[–] [email protected] 1 points 1 day ago (1 children)

The floor price to buy a 2/1 house is $750,000 in my town. Assuming a standard 20% down payment you have to come up with $150,000 cash to buy the worst house in town.

[–] [email protected] 1 points 1 day ago

Maybe. But. That's assuming people are actually putting 20% down, which I doubt.

And either way, even though prices are rising everywhere your area is still an outlier