You Don’t Need 20% Down to Buy a Home.
If you’ve been putting off buying a home because you haven’t saved up 20% — here’s some good news: that old rule just doesn’t apply anymore.
The 20% number is a leftover from decades ago, when mortgage options were more limited. Today, most buyers — especially first-time homeowners — put down far less, to the tune of 3–5%.
Power Move? Zillow’s New Policy: The Good, The Bad, & The Ugly
Whenever Zillow does literally anything, you can bet that real estate agents, homeowners, and buyers alike tend to have a little freak-out, and with good reason: 80% of consumers go directly to Zillow for residential real estate.
As of May 1, any property listing that has been publicly marketed to consumers, but not listed on the local MLS within one business day, will no longer appear on Zillow. So, if you want all those eyes on Zillow to see your listing, you had better take it off of Facebook Marketplace and remove your homemade For Sale signs.