Definition of quill for English Language Learners. : 1  the hollow central part of a feather. : 2  a large, stiff feather from the wing or tail of a bird. : 3  a pen that is made from a feather.
The average age of a first-time homeowner is 34, according to the most recent American Housing Survey data collected in 2009. Once first-time homeowners made up nearly half of all existing-home sales, but they now make up 35 percent, according to a recently released National Association of Realtors report.
What about first-time home buyers or those with little to no equity? In today's market, it is prohibitive even for the most frugal of first-time home buyers to come up with a traditional down payment. Houses that sell for $200,000 would require a down payment of $20,000 to $40,000, but there are options. Let's look at some of them.