The housing market may get a bump from two groups — first-time homebuyers and Hispanic consumers, according to a TD Bank survey.
About 20% of potential first-time homebuyers are
"It's encouraging to see interest from the first-time homebuyers, who have been cautious for much of the housing recovery," Scott Haymore, head of pricing and secondary markets, said in a news release.
As for Hispanic consumers, about 66%
"Many first-time buyers today are finding it difficult to save for a large down payment, especially young adults who are saddled with substantial student loan debt," Haymore said.
TD's report was based on a survey of about 1,000 U.S. consumers who want to buy their first home by 2020.