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For all the hurdles to homeownership, one obstacle is stubbornly more insurmountable than the rest: the down payment.
Renters are having trouble stacking up the savings to place a down payment on a home, according to the recently released Zillow® Housing Aspirations Report (ZHAR). Seventy percent of renters surveyed in the report say the down payment is more of a hindrance than debt (cited by 50 percent of those surveyed), job security (38.5 percent) and qualifying for a mortgage (53.2 percent)—though those aspects are barriers, as well. Low supply was a roadblock for just 11.2 percent of those surveyed.
"With home values close to record highs, it's no surprise renters are concerned about coming up with enough money to buy a home," says D...
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