{"id":87475,"date":"2025-10-20T21:34:07","date_gmt":"2025-10-20T21:34:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/87475\/"},"modified":"2025-10-20T21:34:07","modified_gmt":"2025-10-20T21:34:07","slug":"down-payments-plateau-while-higher-income-buyers-dominate-us-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/87475\/","title":{"rendered":"Down payments plateau while higher-income buyers dominate US market"},"content":{"rendered":"<p>\u201cDown payments remain elevated but steady, reflecting the broader housing environment,\u201d Danielle Hale, chief economist at Realtor.com, said.<\/p>\n<p>\u201cHigh prices and borrowing costs continue to test affordability, keeping many potential buyers on the sidelines and slowing overall sales activity. Even with mortgage rates easing into the low 6% range in recent months, the combination of high prices and limited inventory has left little relief for cost-sensitive home shoppers, while increasingly concentrating homebuying among higher-income households.\u201d<\/p>\n<p>The data underscores a shift that has been building since the pandemic.<\/p>\n<p>The typical down payment is now 117.9% higher than in Q3 2019, when buyers put down $13,900, reflecting both a 45% jump in home prices and a larger share of cash at closing.<\/p>\n<p>Down payments surged between 2020 and 2022 as buyers competed fiercely for limited listings, then stabilized at 14% to 15% of purchase price. Despite a cooler market, financially strong buyers have kept down payments in the upper $20,000 to low $30,000 range.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cDown payments remain elevated but steady, reflecting the broader housing environment,\u201d Danielle Hale, chief economist at Realtor.com, said.&hellip;\n","protected":false},"author":2,"featured_media":87476,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[114,59851,49192,25065,85,46,190],"class_list":["post-87475","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-down-payment","tag-homebuyers","tag-housing-market","tag-il","tag-israel","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/87475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=87475"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/87475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/87476"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=87475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=87475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=87475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}