Falling gas prices will likely boost consumer confidence and allow - TopicsExpress

Falling gas prices will likely boost consumer confidence and allow prospective buyers the opportunity to save additional money for a down payment. NARs 2014 Profile of Home Buyers and Sellers (released in November) found that the median down payment ranged from 6 percent for first-time buyers to 13 percent for repeat buyers. Theres still misperception out there that a much higher down payment is needed, while thats not the reality, Lawrence Yun, National Association of Realtors, chief economist.

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