[quote=sdrealtor]Sorry but most of the CV buyers have 20% down or more. The truth is most of the buyers out there today that I am seeing do. I am sitting on a pile of listings and get offers on a daily basis. It is rare that I get an offer with less than 20% down these days. There is alot more money and folks who sat out the last few years waiting for prices to fall than you all think around here.[/quote]

sdr, you are on the front lines, so I respect your information. But it strikes me that there must be fewer well-off folks now than 12 months ago. Not everyone was 100% in cash or appreciating assets over the last 12 months. The drop in wealth must soon begin to have some effects, even on the top 1%.