The heyday of the cash homebuyer seems to be over (at least for now)
As mortgage rates remain lower and buyers continue to have the upper hand in most markets across the U.S., many are opting out of paying for homes in cash. Continue reading
As mortgage rates remain lower and buyers continue to have the upper hand in most markets across the U.S., many are opting out of paying for homes in cash. Continue reading
Easing interest rates, down payment assistance and builder incentives are helping first-time homebuyers compete, according to the latest from the National Association of Realtors. Continue reading
Down payments are declining even as home prices are rising because buyers are facing affordability challenges or opting to reserve more of their cash because of economic uncertainty, Redfin said. Continue reading
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
The share of couples including “home funds” as part of their wedding registry has increased by 55 percent since 2018, according to a joint analysis released Thursday by Zillow and The Knot. Continue reading
The typical down payment for a homebuyer in the United States fell 10 percent between January 2022 and 2023, to $42,375, according to new data released Wednesday by Redfin. Continue reading
The typical down payment for a homebuyer in the United States fell 10 percent between January 2022 and 2023, to $42,375, according to new data released Wednesday by Redfin. Continue reading
Some parts of the country exist where homebuyers can get away with much smaller down payments especially in the South and the Rust Belt, according to a new report. Continue reading
All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin. Continue reading
According to Down Payment Resource’s latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April’s record layoffs. Continue reading