Survey: Down payment concerns delay homeownership for many

Homeownership and the myth of the 20% down payment

Photo by Juliana RomãoV10i7 JUL Homeownership and the myth of the 20 percent downpayment Chad Fox0:00/529.135261×Narrated by Chad FoxSo, your lease is about to expire. You’re crunching numbers, maybe making peace with beige walls again, and — just like that — the landlord drops a rent increase in your inbox. Welcome to housing in 2025.Even with Washington’s new rent stabilization law attempting to put some guardrails on how fast rent can climb, …

Survey: Down payment concerns delay homeownership for many

Despite strong interest in home-buying, affordability challenges and misconceptions about down payments are deterring many potential buyers, according to a new survey from NeighborWorks America. The nonprofit organization reports that 27% of U.S. adults say they plan to buy a home within the next year. However, among those who are postponing or not planning to purchase, one-third cite insufficient income relative to home prices as the primary ob…