US Homebuyer Down Payments Hit Record $70,000 in August

Median down payments rose 6.1% year-over-year to their highest level, now averaging 18.6% of purchase prices.

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Terms & Concepts
  • Down Payment: An upfront payment made by a buyer when purchasing a home, representing a portion of the total property price.
  • Median Down Payment: The middle value in the range of down payments made, indicating the point at which half of buyers pay more and half pay less.
  • Year-over-Year (YoY): A comparison of a financial or economic metric against the same period in the previous year to measure growth or decline.