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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (7236)	12/10/2002 8:08:19 AM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 306849

Home Down-Payment Gifts Spur Debate Aspiring homeowners with scant savings are getting help from programs which provide free down payments that are ultimately paid for by the house's seller. But critics say the practive [sic] may ultimately harm the housing market. online.wsj.com About 38% of Denver-area sales by KB Home have been made with down-payment grants this year, says Charles Konkus, director of a Nehemiah lookalike called Partners In Charity. KB won't comment on that. Mr. Konkus says it's clear "gifting programs are sustaining home sales" in Denver.