Entry-Level Buyers Are More Leveraged Now Than During The Bubble

Home buyers at the low end of the market have more debt and less equity now than they did in 2005, at the height of mortgage mania, says Sam Khater, deputy chief economist for CoreLogic. Khater believes that says more about the lack of affordable housing than it does about the credit markets: “Demand for credit has been weak. But the much bigger issue is the supply of housing, not the supply of credit.”

Read more