Now you see it, now you don’t! The disappearing down payment!

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Because many real estate markets across the U.S. are in the middle of an affordability crisis, the trend of rising home prices, tight access to credit, and slow homebuilding has resulted in a group of millennials that cannot find enough rentals, but do not have a downpayment for buying new homes. That’s where Unison Home Ownership Investors comes into the picture.

Questions:
1. Who are the typical Unison Home Ownership Investors?
2. What happens if the homeowner wants to buy out of their obligation with Unison Home Ownership Investors?
3. What has been the trend in prices of new homes?
4. What was the most interesting part of this article to you?

Source:
Matthews, C. (2017). The incredible, disappearing home down payment. Axios, Sep. 21(Retrievable online at https://www.axios.com/the-incredible-disappearing-home-down-payment-2487175423.html)