Why does California have one of the lowest LTV?
Despite California’s sky-high housing costs and high property value to income ratio, the state surprisingly has a low Loan-to-Value (LTV) ratio. This article explores potential explanations for this discrepancy. Factors such as existing homeowners leveraging equity for larger down payments, a strong presence of high-end properties, and a dominant buyer demographic with higher earning potential are analyzed. While these factors offer insights, further research is needed to fully understand the complex dynamics of California’s housing market.
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