Wednesday, May 2, 2012

Fact of the Day: Housing Bubble

In 1989, only 1 in 230 homebuyers bought a house with a down payment of 3% or less. In 2003, the ratio was 1 in 7. By 2007, it was 1 in 3.

Anyone think there might be a correlation between these stats and the current real estate crisis?

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