Home CLOSING COSTS: MORE THAN A CHUNK OF CHANGE
Online financial information site Bankrate.com reports the nationwide average for closing costs is $3,024. States with the highest average closing costs are New York ($3,887), Texas ($3,578) and Hawaii ($3,407).
States with the lowest closing costs are Missouri ($2,713), Michigan ($2,714) and New Hampshire ($2,734). California ranked in the number 17 position at $3,097.
It seems like the good news is that we are further down than the 2005 figures when California ranked #8. Conversely, the bad news is Texas. In 2005 they ranked #15 but came in at #2 for 2006.[tags]home closing costs, home sales, closing costs[/tags] San Diego real estate agents
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4 Comments
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If I predict recession every year I will get it right eventually.My understanding of economics is that something either goes up or it goes down. There are 50-50 odds to guess right. Some may guess 60% right but will eventually revert back to the mean. Its too bad this is a time when the system has been raped for every nickel and dime for the next few years.
Anna
San Diego County Real Estate
How do you hedge in the market against falling house prices??
Paula
San Diego California Dentistry
Stagflation is the problem going forward, not recession. If our gdp is 70% consumer spending, there is no value added to the society. The big muckimucks of wallstreet should consider how to invest in areas that increases value and not just consumer spending!! That is what will take out of stagflation.
Laura
San Francisco California Lawyers
I believe a lot of people who purchased with subprime loans and were not really qualified have to accept the inevitable consequences and perhaps build up their savings and credit while renting until the next purchase opportunity.
Britt
San Diego California Lasik Doctors