20 Percent Down Payments Are A Thing Of The Past

November 1, 2016

The typical down payment is shrinking.

MarketWatch reports that the median down payment among all buyers in 2016 is 10 percent, half the rate it was in 1989. Among first-time buyers this year, the median down payment is only 6 percent.

The data comes from an annual survey from the National Association of Realtors, which also found that student loan debt and credit card debt were the two biggest obstacles in saving for a down payment.

Read more