According to Redfin, the typical U.S. homebuyer’s down payment hit the highest level in over a decade, at 18.6 percent of the purchase price in June, up from 15 percent the previous year. Continue reading
Home affordability is an ever more elusive dream for many in today’s market. Down payment assistance programs can be buyers’ bridge to the reality of owning a home by overcoming the cash-to-close hurdle. Continue reading
The median existing single-family home price rose 22.9 percent year over year during the second quarter of 2021, according to NAR. Continue reading
Misconceptions about needing a 20 percent down payment are keeping millennials from homeownership. Two experts share what can be done to help. Continue reading
We’ve all heard the advice that if millennials would just give up their avocado toast they’d have enough money to buy a home. The fact is they are grappling with much more significant financial barriers. Continue reading