Your observation is right on the money. There are not a lot of banks to offer loans to buyers and if they do, it i usually requires 20% down on that price range. Until we see some type of lending done, then the market in the 700k-2Mk will stall. Hopefully, the homeowners in the area will not be thinking of selling their property short. Good Luck to you!
This is a good area. Check the flight path though.
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First Team Real Estate
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