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