Real Estate Market Trends

What do buyers really want? It's a question that perpetually buzzes inside the heads of sellers, real estate professionals, and, of course, home builders, which is why each year the National Association of Home Builders creates their “What Home Buyers Really Want” report. The information in the report comes directly from recent and prospective home buyers, who were asked to rank their most-desired features in a home. The results of the 2019 survey revealed a clear winner, as 91% of buyers prioritized a laundry room as a key feature in their new home. Keep reading to learn about some of the other findings from the report.

Saving for the down payment is understandably regarded as one of the most difficult aspects of buying a home. Although the exact number depends on the purchase price, buyers generally need to come up with tens of thousands of dollars up front in order to take out their mortgage. Of course, any statistic will display a wide range of averages across the nation's fifty states, and both down payment amounts and percentages follow this rule. With that in mind, LendingTree sought to determine which state's buyers were offering up the largest and smallest down payments on their mortgages in Q3. They found that New York came in near the top of the list in both down payment amount and percentage.