Best and worst cities for first-time homebuyers
WalletHub asked an ASU real estate expert about the most ideal and least ideal places to buy a house in the U.S. Learn what to look for in a neighborhood, how to know if you're financially ready, the minimum down payment, and more.
WalletHub asked an ASU real estate expert about the most ideal and least ideal places to buy a house in the U.S. Learn what to look for in a neighborhood, how to know if you're financially ready, the minimum down payment, and more.
In this story aired July 6, 2021, on WalletHub:
Higher down payments help create a financial buffer through built-in equity. Do not think of your down payment as spending money. Think of it as storing money — you still have it, but it is not readily available.
– Mark Stapp, executive director of the MRED program and Fred E. Taylor Professor in Real Estate
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