Hi Kara,
Very good question and very dificult to answer. What I see recently is that the majority of the buyers right now are 1st time home buyers who are in a hurry to cash in on the $8,000 tax credit that will expire before 12/01/09 and are utilizing the FHA financing.These buyers are buying single family homes or townhomes in the 300K-400K price range. Prety much you can buy a home today with only 10K down and include your closing cost into the the mortgage payment as long as the seller agrees to allow sellers concessions. But you need to have a decent credit score a good job and an income to qualify. What is selling? anything that is priced right and what a buyer can afford.
Hope this answers your question.
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http://www.irenapopilevsky.com - Wed Jun 24 2009, 17:12