He says the down payment makes a comeback, and it probably won’t be because the Homeowner can’t afford to buy without it, but because the lender will require the cash.
Maybe it won’t be 20%, but there’s likely going to be some kind of requirement; 5% minimum?
As a renter I hope they make 20% a requirement. It will only serve to lower prices more and FORCE people to save, and not get in over their heads. Though it’s already too $100 billion in loans, according to the article.