39% of Buyers Can’t Afford a 5% Down Payment on a House

Econ & Housing

Declining affordability If you follow the housing market, you know the last few years became a thunderdome for home buyers. Fierce competition and low for-sale inventory led to surging prices. As conditions strained affordability, a declining share of borrowers could save enough for a down payment compared to before the pandemic. In 2022, nearly two…

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