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Fkoqukr market.”
Noting that he’s seen detached homes for under $200,000 and townhomes for as low as $166,000, Henry said that it is absolutely a buyers market — provided you can qualify Good credit history is more important now than it’s been in recent years, he said.
“Lenders are more cautious. I'm seeing underwriting standards go back to where they were 15 or 20 years ago,” Henry said, noting that there is no funding for subprime loans. “That market is gone and {the real estate market in general] is not going to come back as it was. The pool of buyers has been reduced for the future. Lenders are going to be more responsible. Two plus two is
54.9%