Everything is bigger in Texas, including Texas jumbo loans. I thought these were interesting points in this recently published WSJ article, “In Texas, Home Buyers Go for Jumbo Loans :
- “In Austin, the state’s priciest market, the median sale price for an existing home was $240,700 in December, a 10.7% year-to-year rise, according to NAR. That’s less than a third of the $737,600 median price in San Francisco.”
- Many high-end Austin buyers are opting for jumbo financing because of lower interest rates
- In tighter markets, cash is king in bidding wars.
What has been your experience?
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