Dive summary:
- Almost twice as many potential home-buyers think they will be able to put money down on a house as thought that six months ago, according to JPMorgan Chase's report on a survey it had done.
- Chase, which makes mortgage loans, also reported that 87% of survey respondents said they dream about owning a home, though the company did not say how many people were queried.
- Notwithstanding the desire to own, 68% of renters responding to the survey said that it is hard to get the money for a down payment, especially in light of tougher borrowing requirements.
From the article:
Of those surveyed, 66% believe housing is a good financial investment and 75% see it as a crucial part of raising a family. ...