July 14, 2024

Online financial information site Bankrate.com reports the nationwide average for closing costs is $3,024.  States with the highest average closing costs are New York ($3,887), Texas ($3,578) and Hawaii ($3,407). 

States with the lowest closing costs are Missouri ($2,713), Michigan ($2,714) and New Hampshire ($2,734).  California ranked in the number 17 position at $3,097. 

It seems like the good news is that we are further down than the 2005 figures when California ranked #8.  Conversely, the bad news is Texas.  In 2005 they ranked #15 but came in at #2 for 2006.[tags]home closing costs, home sales, closing costs[/tags] San Diego real estate agents

4 thoughts on “Home CLOSING COSTS: MORE THAN A CHUNK OF CHANGE

  1. If I predict recession every year I will get it right eventually.My understanding of economics is that something either goes up or it goes down. There are 50-50 odds to guess right. Some may guess 60% right but will eventually revert back to the mean. Its too bad this is a time when the system has been raped for every nickel and dime for the next few years.

    Anna
    San Diego County Real Estate

Comments are closed.