More than 4 in 10 first-time U.S. home buyers put no money down on their purchases last year, a trade group said Tuesday in a report that highlighted Americans' reliance on the nontraditional financing that economists worry has stretched consumers too far.
The National Assn. of Realtors, in a survey of home buyers, said that 43% of first-time buyers financed 100% of their purchase and that an additional 50% financed 71% to 99% of their home.
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