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Recent Home Buyers more careful with their money
Compared to 2005 figures, an increased number of buyers are purchasing homes that are more within their individual price range. Theses numbers are up to 78% compared to 67% in 2005. (Source: Harris Interactive)


Statistics show that single buyers are more inclined to purchase beyond their price range. Just 15% of married buyers compared to 30% of single buyers reports having made purchases that were beyond their individual price ranges.

38% of buyers that used financing to purchase their homes report using creative financing; including "pay option" types of mortgages. This number is up from thirty-three percent in 2005.

14% utilized interest-only types of mortgages. This option allowed them to avoid paying any principal in the first few years of their loan. This figure is down from seventeen percent in 2005.

12% of buyers opted to combine mortgages with equity loans and other types of lines of credit. 9% opted for mortgages that enabled them to decide what to pay on a monthly basis. Three percent chose loans which gave them the option to skip payments.
(Source: Wall Street Journal)

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