NAR Survey Shows Downpayment Misconception May Be Contributing to Qualified Buyers Delaying Homeownership
September 22, 2016
Would-be homebuyers are hesitant to take the plunge thanks to downpayment misconceptions, according to the National Association of Realtors. In NAR’s third-quarter survey of more than 2,500 consumers, many reported that they were not aware of the low downpayment mortgage options in the market today. This was true across all income and education brackets. The downpayment confusion was...