Also, I have no idea how they calculated the PITI. Taking SF as an example (and rounding the numbers): Assuming a 1.25% property tax rate (i Googled it) the payment on a 30 year fixed rate loan of $544,000 (which is the loan on a $680k home with 20% down) at the given 4.39% rate is $3430/mo. This is before adding…

I live just outside of DC, my first reaction to the $360,000 median sales price was that it is either A) an old 600 sf condo in a nice part of the city, B) a decent-sized place in a very bad neighborhood, or C) an hour+ outside of the city (and still a townhouse).