We are celebrating the fiftieth anniversary of Credit Day, an annual occasion for taking stock together of the world of credit and the role it plays in Italy.1 Italy has changed greatly over the last half century, at least in some respects.
According to data from the National Association of Realtors, the typical first-time homebuyer over the past several years has had a down payment of less than 10 percent of the purchase price of the home. 2 Securing even that much has historically been a barrier to home purchase, especially among lower-income, younger, or minority households.