17 percent of people say they plan to buy a house with zero percent down. Leamy says: "Zero-down loans are not available anymore . . . A 20 percent down payment makes a lot more sense. Time to start saving up."
55 percent of people say the reason they want to buy a new home is so they can get a bigger one than they have now. Leamy's reaction: "Hey, if your family can afford a bigger house in this economy buy it . . . But for those who can't afford it, it's time to get comfortable with more modest living."
30 percent of home buyers told Zillow they plan to own their next home for five years or less. Leamy's response: "Experts are horrified. Most real estate watchers are saying you should not bother buying a home these days unless you plan to stay for at least seven years. Why? Because the market is volatile."
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