
07/01/2025
Despite buzz around all-cash home purchases, 74% of primary residence buyers finance their homes, rising to 91% among first-time buyers. Typically, first-time buyers have a down payment of 6%-9%, contrary to the misconception of needing 20%. Find out more: https://www.nar.realtor/blogs/economists-outlook/tackling-home-financing-and-down-payment-misconceptions