Fewer Home Buyers Putting Down Traditional 20% Down Payment
Although interest in home ownership remains strong across Georgia and the rest of the country, home buyers are increasingly having difficulties coming up with a traditional 20% down payment. Fewer than half of new home buyers put down 20% or more in 2018. In Atlanta, only 32% of home buyers made a down payment of 20% or more, due in part to the fact that Atlanta home buyers tend to be younger than the national average.
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