What's Hot: Barnes and Noble Will Return to Georgetown in June | The 3,000 Units On The Boards From Trinidad to Gallaudet
The New Wedding Gift? Down Payment Help
The hot new ask on wedding registries appears to be money to purchase a home.
85% of couples that created a wedding registry in the last two years told Realtor.com recently that they would have preferred cash towards a down payment on a home as opposed to typical wedding gifts.
"It makes sense that couples getting married would prefer money for a down payment, over china they will never use or a blender they don't need," Clare Trapasso, executive news editor for Realtor.com, told Reuters. "They are looking at near-record home prices, on top of mortgage rates hovering around 7%."
Relatedly, Redfin recently found that, in order to afford a "starter home" in the DC region, first-time homebuyers need to have an income of approximately $91,000, nearly 12% higher than 2022.
See other articles related to: down payment
This article originally published at https://dc.urbanturf.com/articles/blog/the_new_wedding_gift_a_down_payment/21352.
Most Popular... This Week • Last 30 Days • Ever
Rossdhu Gate is the remaining piece of a 30-room castle built by socialite Daisy Calh... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The Gen Z market; ranking food halls around DC; and is this the new king of Queens?... read »
The term "luxury" has been applied broadly in the housing market, but a new report ai... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro