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With high house prices, down payments peaked in 2022. They increased the most in these 5 cities.

Por: MarketWatch Business October 09, 2022

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In May and June, the typical buyer was putting down $66,000, Redfin said But that number has cooled slightly since.  Redfin also said that the typical U.S. homebuyer who took out a mortgage in July 2022, made a $62,500 down payment. That’s still up 13.6% from a year ago. And compared to the median amount people were putting down before the pandemic in July 2019 of $32,917, the typical down payment doubled. Nearly 60% of buyers who had taken... + full article



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