Housing Market Situation :
>> take about 180 days to sell
>> average price is about $310K
>> price has dropped about 37 %
(from $500K to $310K approx.)
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??why?? priced at $310K
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** fixed int. rate is 4.85%
** average household income is $55K
** with 20 % cash down
based on above data,,
buyers will qualified for $310K house .
This is just a general guideline,
and I am not a real estate agent!
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