Down payment concerns delay homeownership for many
By: Jonathan Delozier | Published: 2025-07-03 18:13:00 | Source: www.housingwire.com
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 obstacle.
An additional 22% are waiting for home prices to fall before making an offer.
“The mismatch between home prices and income is freezing out individuals and families who want to buy a home,” said Marietta Rodriguez, president and CEO of NeighborWorks America. “We believe persistent myths about downpayment requirements…
