Say goodbye to the 20% down payment. Zillow says you’ll need to put down roughly 35%

7 comments

1. Don’t listen to anything Zillow has to say about it. They just want to discourage people from buying so they can scoop up all the homes. Other articles I’ve read indicate the opposite and that 5% down payments are going to become the norm.

2. This is actually deflationary for home sellers as it reduces demand.

3. Sooooo, More separation of the have and have nots ….

4. Zillow is also running tv ads showing friends buying a house together because they couldn’t afford it alone.

5. Hurts the poor and first time buyers.

6. So i’m a bit out of the loop here. What/who is Zillow, and what gives them any authority to tell us how much of a down payment we’re going to need?

7. Zillow lucked into being the big home search web site more than a decade ago and hasn’t made a good call since