fallen 27% since the peak years. but there are pockets that surpass that figure the chicago home is now listed for 25% less than what it went for in 2008. this tucson home, 30% less. this orlando florida home, on sale for more than 40% less than what it went for in 2006. but the kind of deals reflect not only huge inventories but the lack of qualified buyers. first of all, your credit has to be excellent to get the great rate. you need a significant down payment. nationwide, we are finding the average down payment on a non-f.h.a. loan is 22%. some say the pendulum has now swung too far toward caution. if we were to just return back to normal credit underwriting standards where good people, solid, middle class working families with good credit history, then we can have 15% additional home sales. but there are encouraging signs of a recovery. last month sales of existing homes rose unexpectedly.
surpass that figure the chicago home is now listed for 25% less than what it went for in 2008. this tucson home, 30% less. this orlando florida home, on sale for more than 40% less than what it went for in 2006. but the kind of deals reflect not only huge inventories but the lack of qualified buyers. first of all, your credit has to be excellent to get the great rate. you need a significant down payment. nationwide, we are finding the average down payment on a non-f.h.a. loan is 22%. some say the pendulum has now swung too far toward caution. if we were to just return back to normal credit underwriting standards where good people, solid, middle class working families with good credit history, then we can have 15% additional home sales. but there are encouraging signs of a recovery. last month sales of existing homes rose unexpectedly. but it mostly came from all cash buyers, snagging deals on