Average Boston Homebuyer Needs 20 Years to Save for Down Payment
The average homebuyer in Boston will need to save for two decades to afford a down payment, according to a new analysis from Realtor.com.
Down Payments Increased in 2024
Homebuyers in 2024 paid an increasing amount in down payments in Massachusetts last year. Nationally, buyers broke records in both total down payment volume and the percentage of purchase price.
Millennials Use Retirement Funds for Down Payments
Nearly 30 percent of Millennials are tapping into their retirement savings for down payments, according to a new report from Down Payment Resource.
MassHousing to Offer New Down Payment Assistance Program
MassHousing launched a new down payment assistance program that will allow qualified first-time homebuyers to finance up to 100 percent of the purchase price.
Down Payments Reached a New Peak in 2017
Rising home prices drove up the average down payments on single-family homes and condos to a new record in the third quarter of 2017, according to the January 2018 Down Payment Report.
Buyers Made Larger Down Payments In 2017
The median down payment for single-family homes and condos purchased with financing in the third quarter rose to a record high, according to a new report.
Down Payments Shrinking In Competitive Market
Average down payment amounts decreased nationwide in May, but the percent of first-time homebuyers putting low down payments on homes decreased, according to the July Down Payment Resource Report.
Down Payment Programs Decline, Millennials Need A Decade To Save
The number of total programs decreased to 2,454 in the first quarter of 2017, down nine programs from the previous quarter, according to the First Quarter 2017 Homeownership Program Index report from Down Payment Resource.
