Tag Archives: Down Payments

According to a new survey analysis from the National Association of Realtors, while the share of first-time homebuyers has dropped to record lows, the share of homes purchased in small towns and rural areas reached record highs.

New data from Redfin's latest market report showed that homebuyers’ down payments doubled during the pandemic, and despite September revealing a slight decline from their peak in June, competition and increasing home prices continue to make it difficult for prospective buyers to afford homes.

Among renters and non-homeowners, many believe that the once-standard down payment of 20% is a rule, not a recommendation, on the path to homeownership.

Saving for a down payment is one of the most important steps in the homebuying process. But as the average home price eclipses $380,000, the amount buyers need to save up ...

A recent report reveals that monthly mortgage payments for U.S. homeowners have hit record lows. What factors are preventing prospective homebuyers from making this first step toward homeownership?

Despite some common misconceptions, millennials aren't looking to buy in pricier metro areas. Where are these young buyers looking to move?

Millennials are the fastest-growing and largest homebuying group in the nation, but their needs may be different than those before them. At an MReport webinar titled Hottest Buyers on the Block: Reaching Millennials, experts addressed how lenders can change their approach to keep up with the changing needs of these buyers.

Home prices continue escalating in a generally tight U.S. market, which is making half of Americans believe they can’t afford to buy, according to a new report from ...

It’s no secret that rent prices are taking a big bite out of many Americans’ incomes, especially for those not in a position to purchase a home. Even ...

A recent study is examining how advances in technology are making it easier for more people to have access to financial resources.