Is this Burbank townhouse worth the price it sold for? Thoughts?

Here is the most expensive townhouse to sell this week in Burbank.

Asking Price: $889,000

Selling Price: $889,000

•3 bedrooms

•2.5 bathrooms

•1,493 sq. ft. of living space

•Open floor plan

•Stainless steel appliances in kitchen

Would you pay that much for a townhouse?

Tight lending blocks some would-be home buyers

Not everyone is able to take advantage of all-time-low mortgage rates.

Available housing credit has reached its lowest level since February 2014, Bloomberg News reports.

In January 2019, 44% of Ginnie Mae’s purchase loans were granted to borrowers who had FICO scores below 700 and debt-to-income ratios of more than 40%.

However, a year later, Ginnie Mae granted just 38% of borrowers loans with FICO scores below 700.

And in August, that dropped to 36%, according to data from the Urban Institute.

Ginnie Mae guarantees loans that are popular with first-time home buyers and lower-income borrowers.

Overall, an index of housing credit produced by the Mortgage Bankers Association shows that the availability of loans has dropped eight out of nine months so far this year.

MBA’s index has fallen 35% year over year.

What does the most expensive home sold in Los Angeles this week look like? See here!

Would you like to have the whole 2nd floor of your home dedicated entirely to your master suite?

This Hollywood Hills retreat is the most expensive home to sell this week in Los Angeles.

•5 bedrooms

•5 bathrooms

•5,696 sq. ft. of living space

•41,010 sq. ft. lot

•Gated compound

•Guest house

•Pool

Asking price: $6,500,000

Selling price: $6,125,000

You need to see this "Hot Home" available NOW in Lakeview Terrace!

Here is Lakeview Terrace's latest "Hot Home"!

•4 bedrooms
•3 bathrooms
•1,600 sq. ft. of living space
•5,623 sq. ft. lot
•Open floor plan
•Stainless steel appliances in the kitchen
•Converted garage

Asking price $699,999.

Interested? Text me if you want a tour at 818-445-7953.

Find out how much this Burbank home sold for... do you think it was too expensive?

It's a good area, but this home jumps out at me as being pretty expensive.

Here is this week's most expensive price per square foot home sold in Burbank.

•2 bedrooms
•1 bathroom
•980 sq. ft. of living space
•5,762 sq. ft. lot

The home is located in the Magnolia Park neighborhood close to Chandler Bike Path, Portos, vintage shops, and eateries on Magnolia Blvd.

Asking price: 849,000
Selling price: $850,000

Price per sq. ft. $867.35