Down Payments Rise, First-Time Homebuyer Activity Falls in 2018

• First-time homebuyers have accounted for 33 percent of transactions in 2018, down slightly from last year.
• U.S. homebuyers are making median down payments of 13 percent, up from 10 percent in 2017.
• Like last year, 95 percent of Americans started their home hunt online and 87 percent used a real estate professional during the purchase process.

U.S. homebuyers are dropping the largest down payments in 13 years in 2018, while student debt and deteriorating affordability continue to hinder more younger Americans from entering the real estate market. Read full article @elizabethGkilgore




#homebuyers #SanFrancisco #Firsttimehomebuyers #California #luxuryrealestate #realestate #elizabethGkilgore #compass #egk415