Originally Posted by pseudoreality
I'll be listing my house in the sub 500 range this spring. I wonder if this change will have any physiological affect on that market? I know it's a stepped system, so there's little difference between 500 and say 520, but it is still in people's head.
Very little difference between the 2 prices and I doubt this will affect majority of home buyers.
The down payment minimum for the $520,000 purchase is an extra $1,000 more after Feb 15, 2016 ($27,000 instead of previously being $26,000).