Redfin Survey: One-Third of Millennial Homebuyers Are Using Extra Savings From the Pandemic for Their Down Payment

Source: Redfin — 

Private outdoor space is the number one feature buyers are looking for this year. Rising prices are the top concern, reflecting America’s hot housing market, with price growth hitting double digits every month this year. 

For nearly one-third (31%) of millennial first-time homebuyers we recently surveyed, the ability to save extra money during the coronavirus pandemic helped them accumulate the money needed for a down payment.