I performed a registry of deeds survey of recent single family home sale mortgages in 4 towns nearby that I'm interested in. These are generic 3-4bed, 1.5-2.5 bath homes. For those familiar with the Boston area, this is just west of Framingham.
I'd say they are HCOL but not quite VHCOL.
Out of 23 homes in late Aug/early Sept:
-2 were bought with cash,
-3 had greater than 25% down,
-13 had 20-25% down,
-5 had less than 20% down
Looks like ~20% put less than 20% down. Anybody know if this figure has changed since the rate increases last year?
Also, I was encouraged by only 2 cash buyers. I keep hearing about people getting outbid by cash offers, but I'm guessing those stories are grossly overblown.
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source https://www.reddit.com/r/RealEstate/comments/176vlr3/is_greater_than_20_down_back_to_being_the_standard/
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