The original St. Louis Real Estate Blog, est 2004 with Darin "Sid" Cameron, CRS.
Understand the St. Louis housing and real estate market better. Sid is a licensed real estate broker in Missouri.
The St Louis Agent Team of RE/MAX Properties West
 | For Agents | Forum | Bookmark Site
Subscribe to RSS Feeds - Click Here!
Bookmark and Share
Chat with an Agent!
Real estate questions?
Want to see a home?
 Click for Live Chat or
Call: (314) 598-4040
 Email this Article! Email this article d Discuss this article d Printer friendly page with resizable text
 43% of First Time Buyers Made No Down Payment in 2005
By: Darin "Sid" Cameron, CRS
Wed, Mar 15th, 2006 1:42 pm

Here's an interesting statistic...

43% of first time home buyers put no money down last year when buying their home.

This comes from the National Association of Realtors who's research found that 43 percent of first-time home buyers obtained zero-down mortgages last year.

The median first-time buyer buying purchasing a property on average of $150,000 only made a 2-percent down payment.

From USA Today, "(some) are worried that some borrowers will owe more than their properties are worth in the event of a major housing slowdown. "If we do get a spike in mortgage rates, and a modest decline (in the housing market) turns into a rout, there's almost no bottom to that," warns Center for Economic and Policy Research's Dean Baker, who calls it "a crash scenario." Meanwhile, PMI Mortgage Insurance's most recent U.S. Market Risk Index predicts a 50-percent chance of price drops over the next two years in cities such as San Diego, Boston, and Los Angeles, to name a few vulnerable markets."

[ Next Article: Issues After Filing Bankruptcy ]
[ Previous Article: Our Homes Magazine Ad for March 20 ]


Search this Blog:


Darin 'Sid' Cameron, CRS

Contact Me on Facebook!

 Contact me on LinkedIn!

Follow me on Twitter!
Darin "Sid" Cameron spent 15 years working in the technology industry which in 1998 relocated him to St. Louis. In 2004 he took over web development tasks for Kimberly's real estate team and later became the full-time Marketing and Operations Director in 2005. In 2011 Sid launched two brokerages, The Realty Store, Inc. and Realty Referral Partners, Inc, while continuing to perform marketing and operations for Kimberly's team. Sid holds a real estate broker's license in Missouri, CRS certification and was the first CyberStar in the St. Louis area.
Certified Residential SpecialistCyberStar!
Follow me on Active Rain!


All Blog Articles XML/RSS

Add to My Yahoo!


All Categories
 News  Things to Do  Real Estate Trends  Misc Stuff  Selling a Home  Calendar of Events  Home Repair  Buying a Home  Interest Rates and Financing  Investment Real Estate  Credit Reports and Safety  Our Website and Services  Government and Legislation  Internet Resources  Living in St. Louis  Home Improvement  St Louis Housing Market  Real Estate Statistics  Home Safety  Blogging In General

RE/MAX Properties West
Kimberly Cameron, Team Leader
RE/MAX Properties West Direct: 314 598-4040
16497 Clayton Road Office: 636 532-5900
St. Louis, MO 63011 Fax: 800 573-1985
Email Us Here! Toll Free: 800 573-5276
Equal Housing Opportunity
The St. Louis Agent Team of RE/MAX Properties West
     
 
Realtor