[quote=FormerSanDiegan][quote=capeman]They’re still taking 5% Downs? That means we’re nowhere near bottom.
[/quote]
Not that history is any guide or anything, but we put 5% down on our house in 1996. I don’t think downpayment amounts are indicative of a a housing bottom.
[/quote]
No but the ratio-metric calculation of fundamental 20% down loans to < or = 5% down is VERY indicative, especially in the last 10 years.
