Latest News

Half of buyers fret about down payments

Jun 13, 2018
According to a new study, more than half of Americans who have or plan to purchase a home admit they’re concerned about the ability to afford a home in the current market. The study is based on a survey of 1,000 consumers and was released by national online lender Laurel Road. One of the biggest barriers to affordability, respondents said, is the down payment.

Nearly half – or 46 percent – of Americans say they are unfamiliar with alternative down payment options, according to the survey. Nearly three in five respondents – or 58 percent – plan to put down a traditional 20 percent down payment. 

One-third of respondents expressed concern that they could not confidently afford a 20-percent down payment. Among those with student loan debt, even more consumers said they do not feel confident. 

Learn more.
Featured Content

December 2018 Housing Market

In December, the New York State housing market saw 10,267 closed sales, a median sales price up 5.5% from last year to $272,043 and an average of 73 days on the market. Click here to read more.