NAR Infographic: A Dollar a Day: Simple Ways to Save For a Down Payment
Approximately 60 percent of homebuyers financed their home using a 6 percent – or less – down payment, according to data from the National Association of Realtors®. With the most recent median existing-home price clocking in at $258,300, a 6 percent down payment is $15,498. NAR has some simple suggestions for potential homebuyers on how they can cut costs and save for that down payment.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.