Down payment: saving obstacles U.S. 2021

In 2021, student loans and high rent or current mortgage payments each held back 43 percent of non-homeowners from saving for a down payment for a home purchase in the United States. Other factors holding back a significant portion of non-homeowners from saving for a down payment were car loans and credit card debt.

Factors that are holding back non-homeowners from saving for a down payment on a home purchase in the United States in 2021

Characteristic	Share of respondents
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Release date

March 2022

More information

Region

United States

Survey time period

July 2021

Number of respondents

5,795 respondents

Special properties

Primary residence buyers; real estate purchased between July 2020 and June 2021

Supplementary notes

The source adds the following information: "In July 2021, NAR mailed out a 129-question survey using a random sample weighted to be representative of sales on a geographic basis to 129,800 recent home buyers. The recent home buyers had to have purchased a primary residence home between July of 2020 and June of 2021. A total of 5,795 responses were received from primary residence buyers. After accounting for undeliverable questionnaires, the survey had an adjusted response rate of 4.5 percent. "

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