Down Payments Jump to Record High
Home buyers are putting more money down on a home purchase than ever before. The size of down payments during the second quarter climbed to a median of $19,900, a record high, according to ATTOM Data Solutions’ research, which dates back to
the first quarter of 2000. What’s more, this
marks a 19 percent jump from $16,750 in this year's first quarter. Utilize NAR's down payment by metro area tool by clicking the link below.