There are some unimaginable housing numbers from US today

 32.6% of new mortgages and home-equity loans in 2005 were interest only, up from 0.6% in 2000;
43% of first-time home buyers in 2005 put no money down;
15.2% of 2005 buyers owe at least 10% more than their home is worth (negative equity);
10% of all home owners with mortgages have no equity in their homes (zero equity);