downpayment Archive

Affordability is Main Hurdle for Aspiring Home Buyers

NAR released a new Aspiring Home Buyers Profile that captures the consumer sentiment of the housing market for non-homeowners—defined as those that rent and those that live with someone else (such as family and friends) rent-free. The report is...
February 14, 2017

81 Percent of First-time Homebuyers Made a Downpayment of Less than 20 Percent

More first-time homebuyers avail of a low downpayment loan compared to all homebuyers, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Among first-time homebuyers...

The Sources of Downpayments Among Different Buyer Types

Since 1997, the Profile of Home Buyers and Sellers has collected data on the sources of buyers’ downpayment for when they purchase a home. This year, 88 percent of all buyers financed their home and 98 percent of buyers...
December 6, 2016

Student Loan Debt Hampering Home Buying: A Regional Perspective

The 2016 Profile of Home Buyers and Sellers survey is the second year we have collected data on the difficulty of saving for a down payment to buy a home and whether student loans were an impediment. In years...
November 29, 2016

Helping Family with A Downpayment For Their Dream Home

Consumers across income and education brackets would greatly benefit from increased awareness and financial understanding on downpayment requirements needed to obtain a mortgage. In NAR’s September Housing Opportunities and Market experience (HOME) report, a quarterly index measuring consumer sentiment...
September 27, 2016