Monday, September 10, 2012

Shorter mortgage amortization time results in more interest in cheaper properties

Since the mortgage amortization time got reduced to 25 years, quite a good amount of buyers face that they can't afford any more what they could have a few month ago. Properties in KW in August 2012 from $250k to 275k took a hit of -17.1% and from $350K - $375K took a hit of -16.1%.

Posted via email from thiloyourrealtor's posterous

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