cm0002@lemmy.world to United States | News & Politics@midwest.social · edit-23 days ago'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out'fortune.comexternal-linkmessage-square22fedilinkarrow-up191file-text
arrow-up191external-link'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out'fortune.comcm0002@lemmy.world to United States | News & Politics@midwest.social · edit-23 days agomessage-square22fedilinkfile-text
minus-squaregrue@lemmy.worldlinkfedilinkarrow-up3·edit-23 days ago$100k is 20% of a $500k house. 20% is the traditionally “normal” amount, and $500k is a pretty average price in big cities these days…
minus-squarebdonvr@thelemmy.clublinkfedilinkarrow-up2·3 days agoI don’t think most people are putting 20% down anymore tbh. Especially not in those places
minus-squareBreadstickNinja@lemmy.worldlinkfedilinkEnglisharrow-up1·3 days agoA lot of people put down 10-15% and pay the PMI. That’s what we had to do.
minus-squaregrue@lemmy.worldlinkfedilinkarrow-up1·3 days agoOr 3.5% with an FHA loan (if that’s still a thing?).
$100k is 20% of a $500k house. 20% is the traditionally “normal” amount, and $500k is a pretty average price in big cities these days…
I don’t think most people are putting 20% down anymore tbh. Especially not in those places
A lot of people put down 10-15% and pay the PMI. That’s what we had to do.
Or 3.5% with an FHA loan (if that’s still a thing?).