A guide for would-be home buyers who are putting off the hunt for their dream home and must now determine where to park the down payment
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 orNow, they are sitting on thousands of dollars they had otherwise earmarked for a down payment on a house, and they are wondering where to stash the cash until the market cools off or their dream home becomes available..
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