The Typical Homebuyer’s Down Payment Is $56,000, Up 24% From a Year Ago
WHAT’S MOVING THE MARKET
In February 2024, over 33% of home transactions were conducted entirely in cash, approaching a historic peak, while the median down payment for American homebuyers stood at $55,640, reflecting a substantial 24.1% surge compared to the prior year—an unprecedented yearly jump since April 2022. More here
Following the collapse of Sil…
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