The New Wedding Gift? Down Payment Help
✉️ Want to forward this article? Click here.
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

Today, UrbanTurf takes a look at the latest with the residential (and some of the com... read »

The mortgage interest deduction allows homeowners who itemize their taxes to reduce t... read »

Canal House, a Tribute Portfolio hotel, will open near the C&O Canal later this month... read »

While tariffs are often discussed in the context of their effects on manufacturing, a... read »

The new project will be located at a site that the developer purchased several years ... read »
- Jose Andres, Heating Plants And The 10 Developments Coming To Georgetown
- How Does The Mortgage Interest Deduction Work?
- Marriott Set To Open 105-Room Boutique Hotel in Georgetown This Month
- How Will New Tariffs Affect The Housing Market
- Jair Lynch Pitches 8-Story, 203-Unit Development For Arlington's Barcroft Neighborhood
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