Tag Archives: down payment affordability

Record down payments reveal a divided housing market

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According to a new report from Realtor.com, the national average down payment hit 14.4 percent and $30,250 in the fourth quarter. Continue reading →

US homebuyer down payments reach new record, outpace prices

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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 →

Clearing the cash-to-close hurdle in a single bound

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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 →

Home prices jump by double digits across nearly every US metro

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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 →

This is the No. 1 misconception millennials have about homebuying

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Misconceptions about needing a 20 percent down payment are keeping millennials from homeownership. Two experts share what can be done to help. Continue reading →

How millennials can achieve their homeownership dreams in 4 steps

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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 →