More Than Half of Buyers Now Put Down 20% or More
Pro Builder
JUNE 24, 2021
Rising down payments result in a drop of FHA and VA-issued mortgages, which insure zero and low down payment options. Meanwhile, the share of FHA-insured mortgages to total mortgages in fell to 14% in May 2021 from about 20% in past years. In May 2021, the total inventory of homes (unsold) on the market was equivalent to 2.5
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