Why Down Payments Are Now Nearly 14% Higher Than in 2020
The Pro Builder
MAY 24, 2024
Why Down Payments Are Now Nearly 14% Higher Than in 2020 csweeney Fri, 05/24/2024 - 12:46 The average down payment in Q1 2024 is high, but it’s still lower than the peak seen in Q4 2023 With home prices continuing to rise, so is the amount Americans are spending on down payments. According to housing data tracker Realtor.com, the average down payment for a median-priced home rose by about 13.6% from 2020 to the first quarter of 2024, putting today’s average down payment at $26,400, which is an i
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