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Housing Market

Typical Homebuyer’s Down Payment Falls to $64,000 As Americans Hold Onto Cash

The typical U.S. homebuyer’s down payment fell to $64,000 in March, down 1.5% year over year.  In percentage terms, the typical down payment was 15%, down from 16.1% last year.  Down payment percentages were highest in three California metros: San Jose, San Francisco, and Anaheim (25% each).  They were lowest in Virginia Beach (2%) and […]
Investors

Investor Home Purchases Fall to Lowest Level Since 2020

Elevated housing costs, a slower-than-usual housing market and a cooling rental market are squeezing potential returns for U.S. investors.  Real estate investors’ market share was 19%, largely unchanged from a year earlier, reflecting the overall sluggishness of the U.S. housing market in the first quarter.  Investors cut back sharply on buying condos, and on buying […]
Affordability

The Income Needed to Afford a Home Declined For Seventh Straight Month in April

Homebuying affordability improved slightly in April because mortgage rates declined while incomes rose. Still, the income required to afford a home was $29,000 higher than the typical U.S. income–and mortgage rates rose again in May, potentially erasing some of the affordability gains made in April. A household earning the average U.S. income would need to […]
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