Buyers using less down to buy

We help a lot of buyers. But our buyers tend to be a little more financially conservative. (And they often have really good credit also.)

So I was a bit surprised to read that the median down payment for first time buyers in CA went from about $25,000 in 2005 to just $10,000 in 2006. Even for repeat buyers the numbers were down. Going from $119,000 in 2005 to just about $100,000 in 2006.

Certainly we are a society who lives on credit!