Where to Stash Your Down Payment if You Didn’t Buy a House This Year

This article from Wall Street Journal is written by Julia Carpenter

With home prices climbing to a record, this year’s housing boom left some hopeful buyers frustrated, discouraged and stuck with a big lump sum of cash.

Home buyers typically save between 5% and 20% for a down payment, with extra for closing costs. This year, many would-be buyers were met with bidding wars, stumped by historically low inventory or priced out of red-hot locations.

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Source: https://www.wsj.com/articles/where-to-stash-your-down-payment-if-you-didnt-buy-a-house-this-year-11630402200

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