Home | Newsletter | Advertise
loading...

The New Wedding Gift? Down Payment Help

  • August 15th

by UrbanTurf Staff

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.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse