By Kent Zelas | Incestor’s Business Daily
How hard is it to scrape up enough cash for a down payment on a home these days? Maybe not as tough as most prospective buyers assume, says a new survey of real estate agents. More than 6 in 10 of the agents surveyed by Redfin in September reported that the typical down payment in their market was less than 20% of the home’s purchase price. Compare that with a National Association of Realtors survey, which said at least a third of consumers, especially millennials, expect to pay much more.
