The New York Times

Wishing you could buy a home? It can be challenging to save enough for a down payment, given how much houses now cost.

The typical down payment for first-time buyers in 2024 was 9 percent, according to the National Association of REALTORS®.

In 2024, 8 percent of home buyers (and 21 percent of first-time buyers) said they had used a gift from a relative or friend, according to the National Association of REALTORS®.

Read the full article