And I already have clients developing cold feet because of Wall Street uncertainties. Thanks, Oshrat

My Bloomberg pal, Oshrat Carmiel, sends along this cheery news: Wells Fargo declares Greenwich a danger zone, raises mortgage downpayment to 25%.

Wells Fargo & Co. raised its required down payment for homebuyers in Connecticut’s Fairfield County to 25 percent from the standard 20 percent after it categorized the area as distressed.

The new standard, applying to loans above $601,450, would affect a healthy share of buyers in the county, where the median home price in some towns easily tops $1 million.

Wells Fargo, the biggest U.S. mortgage lender, has singled out Fairfield for the added cushion, which is effective for loans made after Sept. 15, mortgage and real estate brokers in the area say. The bank hasn’t changed the down-payment requirements for any other Connecticut county, nor any other county in the New York City metropolitan area, a spokesman for the lender confirmed.

The bank gives a numeric risk rating to each county where it issues mortgages, and Fairfield is rated Class 3, indicating distress, according to a person with knowledge of the matter. A Wells Fargo spokesman, Tom Goyda, confirmed the classification but declined to elaborate on it or to define what it means.

“While we can’t share specifically why we elected to change the market classification for Fairfield County, we review a wide range of local housing and economic indicators as part of our assessment process,” Goyda said in an email.

They seem to know the same thing many of us know, but they’re not afraid to admit it.

IN FAIRNESS, NOTE THIS:

The county’s homebuying market has fared well compared with other New York suburbs. While sales in the third quarter slipped 0.7 percent -- the third consecutive decline -- the median price of homes that changed hands climbed 3.7 percent to $425,000, according to a report by Douglas Elliman and appraiser Miller Samuel Inc. Contracts, a more timely measure of demand, jumped 28 percent. Sales in Greenwich, home to many Wall Street executives, surged 26 percent, the best summer for that market since 2012.

In neighboring Westchester County, single-family home sales declined for a fifth straight quarter, and prices there fell, too. Purchases in Manhattan, Brooklyn, northwest Queens and Long Island also decreased in the third quarter, according to the firms.

Here in town, as wildly-overpriced houses settle down to reality, we are seeing formerly nutso-priced homes move to contract for millions less than their owners once dreamed of, and the under-$2 million market has never seemed stronger. So there’s that.