David SidoniFirst-time home buyer advocate, podcast host, and real estate pro helping renters become owners with real talk and no BS

Fake News that’s really fake - for first-time home buyers @nowbam

Name: Fake News that’s really fake - for first-time home buyers @nowbam
Uploaded: 2024-09-04T14:35:42+00:00
Duration: 37 s
Channel: David Sidoni
Description: David Sidoni debunks a viral claim that down payments have skyrocketed. First-time buyers typically put down 8%, not the 60% figure circulating online…

4 Sept 2024 · 1 min

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0:37

David Sidoni debunks a viral claim that down payments have skyrocketed. First-time buyers typically put down 8%, not the 60% figure circulating online. The number has stayed consistent year to year.

Questions this video answers

8% ("As of July this year, first time home buyers typically put down 8%")

That nearly 60% of people are putting more than 10% down.

Chapters

I'm gonna fight this guy him, because he posted this saying the down payments are way up with nearly 60% of people putting more than 10% down. He got that information from here, from here, and from here. And when first time home buyers see that information, they get freaked out. But the information is not correct. Because when you take the time to break down the full information, you see this. As of July this year, first time home buyers typically put down 8% like they do every single year. Let's fight, bro. You know, actually he's a pretty SM guy, but I just want to mess with and make sure my first time home buyers don't believe the headlines.