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« Mortgage Counseling | Main | Pennsylvania Housing Finance Agency »

February 05, 2008


Joyful Alternative

I just bought a house with 20% down. The seller said she'd sold it several times before---but to buyers who were expecting to get a 100% mortgage and got a big surprise instead. Apparently easy credit for real estate loans has disappeared. At least for the moment.

John Morgan

The market is actually very good for buyers with down payments and good credit. The glut of unsold houses has brought prices down and selection up. Anyone in the market is lucky right now and it's actually an excellent time to buy a house.

Joyful Alternative

And next month I'll be a seller!

But around here housing prices are still rising. I was shocked to see the comps the real estate agent came up with.

But I'll have a couple of months at least of paying double mortgages.

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