Struggles of Homebuyers: The Barrier of Down Payments
Tuesday, 27 February 2024, 20:18
Understanding the Barrier to Homeownership
In a recent survey, only 13% of potential homebuyers felt no obstacles to owning a home. Conversely, around 50% cited their inability to afford a down payment as the primary hurdle.
Key Findings:
- Only 13% feel no obstacles
- Around 50% struggle with down payments
This highlights the financial challenges faced by many aspiring homebuyers in pursuing homeownership.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.