Monday, October 29, 2018

Average American putting less money down when buying a home

Average American putting less money down when buying a home: The average down payment on a U.S. home decreased nearly 10% in the third quarter of 2018, according the latest data collected from LendingTree. Furthermore, the average loan amount offered to potential homebuyers dropped about $28,000.

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First-Time Home Buyer Share Falls to Historic Low of 21%, Median Age Rises to 40

First-Time Home Buyer Share Falls to Historic Low of 21%, Median Age Rises to 40 : The historically low share of first-time buyers underscor...