The White House’s Focus on Closing Costs: Long Overdue and Worth the Fight (Part 2)
The Stoop (NYU Furman Center)
JUNE 10, 2024
In Part 1 of this series, it was estimated that total closing costs for both buyer and seller accounted for at least 7 to 11 percent of the purchase price of a typical home, surpassing the average 6 to 7 percent down payment made by first-time homebuyers (FTHBs). In other words, vote totals in the next election are now visibly in play.
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