Habitat Build Day: Helping One Family Achieve Their Dream

By Tracey Shell

Here at Down Payment Resource we work hard everyday to gather the details of programs that are available to help more families become homebuyers. But, sometimes when you’re behind your laptop or at a conference, you can lose sight of the big WHY: why your day-to-day job matters.

This holiday season, our team got out of the office and took some time to help one family achieve their homeownership dream. With Giveback Homes, we sponsored an Atlanta Habitat for Humanity Build Day, and also provided sweat equity by working onsite. And, to make it even more fun, we invited local agents who use our service to join us. keep reading

Is your rent too high?

The age old real estate question: Should you rent or buy?

It’s a question that many consumers debate and there’s no one right answer. From a pure economical standpoint, you can assess the market’s “rent gap,” or difference between the cost of owning and renting. In a negative rent gap, buying is the more affordable option and in a positive rent gap, you’re likely better off renting.

While homes today are still affordable, rising interest rates and home prices are preventing many buyers from saving for their down payment and getting into a home. Like most things in real estate, it’s all about location.    keep reading

What Homebuyer Hopefuls Want From Agents and Lenders

Renters who want to buy in the future may feel like they have the cards stack against them.

We know the big issues: lack of starter home inventory, rising interest rates, student loan debt and the hurdle of saving for a down payment. In fact, according to the Zillow Housing Aspiration Report saving for a down payment was a barrier for 70 percent of renters, topping other hurdles such as job security and qualifying for a mortgage.

In a new Down Payment Resource survey of 750 future homebuyers, 85 percent said they were looking to buy a home in the next six months, but 63 percent did not have money saved for a down payment. keep reading