Previous steps included rolling out higher down-payment requirements for buyers and increasing land supply for developers.
Historically, finding the money for a down-payment was only a problem for first-time home-buyers.
FORBES: Down Payment on Home Out of Reach for Half of U.S., Poll Finds
Our approach was simply to get a meaningful down-payment and gear fixed monthly payments to a sensible percentage of income.
Their garbage business was thriving and they had made a down-payment on a plot of land in the far suburbs.
Spain's bank rescue could have been a down-payment on such a solution.
Some 3, 000 have already been delivered in exchange for a small down-payment.
And he showed his mettle by asking Israel to stop building settlements on occupied land in effect, a down-payment to get peace talks started.
Exacerbating the problem is that as home prices have decreased, many lenders have increased the down-payment amount required to obtain a mortgage loan.
FORBES: Down Payment on Home Out of Reach for Half of U.S., Poll Finds
Residential properties will now face a stiffer down-payment requirement and taxes on resale (such as 15% on the contract price for a quick flip).
The measures included raising the stamp duty and increasing down-payment requirements.
Authorities also raised down-payment requirements and increased land supply for developers.
And that is just a down-payment on what is to come.
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Thus, even if the homeowner is able to sell their current house, there may be no profit available to satisfy the down-payment on the next home.
FORBES: Down Payment on Home Out of Reach for Half of U.S., Poll Finds
In addition, down-payment requirements have loosened, and "there are plenty of resources for financing, " said John McEleney, president of McEleney Chevrolet and McEleney Toyota in Clinton, Iowa.
On Friday, General Electric 's WMC Mortgage, the fifth-largest subprime lender, said it was putting a halt to no-down-payment loans, or loans to borrowers with credit scores below 600.
Some may still be able to obtain an FHA loan with a low down-payment requirement, but those with poor credit will likely have to put a larger amount down.
FORBES: Down Payment on Home Out of Reach for Half of U.S., Poll Finds
Will Senator McConnell accept a Boehner down-payment on tax reform which includes new static tax revenue on job creators, providing Bush-era tax rates are continued on everyone into 2013?
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The China Banking Regulatory Commission has warned banks to stick to rules on mortgages for second homes, which require a down-payment of at least 40% of a property's value.
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On October 22nd the government announced that the minimum down-payment on first homes would be reduced to 20% from 30%, stamp tax would be eliminated and mortgage rates cut.
In 1991, he arranged for police officers to be offered a loan at a modest 4% interest rate, and with no down-payment, when they move into a home within the city.
Last month, Democrats introduced a bill designed to increase federal loan limits in expensive states like New York and California, as well as expand the number of zero- and low-down-payment loans FHA offers.
Of the 1, 623 mortgage deals currently on offer, two-thirds still require a deposit of at least 25%, with a quarter of all deals needing a down-payment from the borrower of at least 40%.
They include raising stamp duties by five to seven percentage points, increasing down-payment requirements, and lowering the amount some home buyers are allowed to borrow relative to the value of the property they are purchasing.
Since October the government has encouraged people to buy houses by cutting the minimum mortgage down-payment on their main home from 30% to 20% and by reducing stamp duty and other taxes on property transactions.
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Others responding to the survey indicated that their mortgage loan would either have to require a much lower down-payment (20 percent), or they would have to borrow the down-payment regardless of how much it was (18 percent).
FORBES: Down Payment on Home Out of Reach for Half of U.S., Poll Finds
On Friday, General Electric 's (nyse: GE - news - people ) WMC Mortgage, the fifth-largest subprime lender, said it was putting a halt to no-down-payment loans, or loans to borrowers with credit scores below 600.
In the case of the oil company, for instance, the cost of land corresponds to the premium (or down-payment) on a call option, and the extra investment needed to start production to its strike price (at which the option is exercised).
After buying the first home, between the equity growing due to making monthly house payments and the value of the house appreciating, buyers could satisfy the down-payment requirement on the new home from the proceeds of the sale of the former house.
FORBES: Down Payment on Home Out of Reach for Half of U.S., Poll Finds
That is still too fast for the government, which unexpectedly raised interest rates on October 19th and has outlined more measures to cool the market in recent weeks, including higher down-payment requirements and the introduction of a property tax in some cities.
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