@[email protected] to United States | News & [email protected] • edit-22 months ago'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out'fortune.comexternal-linkmessage-square22fedilinkarrow-up192
arrow-up192external-link'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out'fortune.com@[email protected] to United States | News & [email protected] • edit-22 months agomessage-square22fedilink
minus-square@[email protected]linkfedilink3•edit-22 months 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-square@[email protected]linkfedilink2•2 months agoI don’t think most people are putting 20% down anymore tbh. Especially not in those places
minus-square@[email protected]linkfedilinkEnglish1•2 months agoA lot of people put down 10-15% and pay the PMI. That’s what we had to do.
minus-square@[email protected]linkfedilink1•2 months 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?).