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How Recent Buyers Purchased Their Home

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According to the National Association of Realtors (NAR), recent buyers purchased their home:

  • Obtained a mortgage – 88%
  • Down payment amount – 10%
  • Down payment sources – savings (59%); sales proceeds from previous home (38%)
  • Received down payment help from family/friends – 16%
  • Obtaining a mortgage was not difficult/easier than expected – 66%