{"id":79349,"date":"2025-02-25T05:30:41","date_gmt":"2025-02-25T13:30:41","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=79349"},"modified":"2025-02-24T14:16:49","modified_gmt":"2025-02-24T22:16:49","slug":"down-payments-all-cash-december-2024","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/down-payments-all-cash-december-2024\/","title":{"rendered":"The Typical Buyer\u2019s Down Payment Is 16% of the Home\u2019s Price"},"content":{"rendered":"<ul>\n<li><i><span style=\"font-weight: 400;\">That\u2019s up from 15% a year ago. The typical U.S. homebuyer now puts down roughly $63,000, about $4,000 more than last year, because of a jump in home prices.\u00a0<\/span><\/i><\/li>\n<li><i><span style=\"font-weight: 400;\">About 31% of buyers are purchasing homes using all cash, down from about 34% a year earlier.\u00a0<\/span><\/i><\/li>\n<li><i><span style=\"font-weight: 400;\">15% of mortgaged homebuyers are using FHA loans, and roughly 7% are using VA loans. <\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The typical U.S. homebuyer\u2019s down payment was equal to 16.3% of the purchase price in December, up from 15% a year earlier.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In dollar terms, the typical homebuyer\u2019s down payment was $63,188. That\u2019s up 7.5% from a year earlier, the biggest increase in five months.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-79353 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-1.png\" alt=\"\" width=\"618\" height=\"435\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-1.png 618w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-1-300x211.png 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-79354 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-2.png\" alt=\"\" width=\"615\" height=\"451\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-2.png 615w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-2-300x220.png 300w\" sizes=\"(max-width: 615px) 100vw, 615px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The data in this report is from a Redfin analysis of county records across 40 of the most populous U.S. metropolitan areas. December 2024 is the most recent month for which data is available. Down-payment data, along with data below on loan types, is limited to home purchases for which buyers took out a mortgage. An all-cash purchase is one in which there is no mortgage loan information on the deed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><i><span style=\"font-weight: 400;\">amount<\/span><\/i><span style=\"font-weight: 400;\"> of money homebuyers are putting down is higher than a year ago mainly because home prices are up: A higher price means buyers typically make a bigger deposit. The median U.S. home-sale price <\/span><a href=\"https:\/\/www.redfin.com\/news\/pending-home-sales-fall-december-2024\/\"><span style=\"font-weight: 400;\">rose 6.3%<\/span><\/a><span style=\"font-weight: 400;\"> year over year in December, to roughly $428,000.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><i><span style=\"font-weight: 400;\">percentage<\/span><\/i><span style=\"font-weight: 400;\"> buyers are putting down is relatively high because mortgage rates are elevated <\/span><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">near 7%<\/span><\/a><span style=\"font-weight: 400;\">, and some buyers are putting down more up front to bring down their monthly interest payments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Down payments are no longer seeing the wild swings they were during the pandemic. The median U.S. down payment rose from the 10% range before the pandemic to the 15% range in 2021, which was the height of the pandemic homebuying frenzy. Mortgage rates also drove that increase, but the dynamics were very different then: Record-low rates of <\/span><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">under 3%<\/span><\/a><span style=\"font-weight: 400;\"> were fueling intense bidding wars among homebuyers, which motivated many to put more money down to make their offers stand out in a competitive environment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhile a larger down payment can lower monthly mortgage payments and help strengthen an offer in a bidding war, bigger isn\u2019t always better,\u201d said <a href=\"https:\/\/www.redfin.com\/news\/author\/sheharyarbokhari\/\">Sheharyar Bokhari<\/a>, a senior economist at Redfin. \u201cHousing markets in much of the country have started tilting in <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-market-february-2025\/\"><span style=\"font-weight: 400;\">buyers\u2019 favor<\/span><\/a><span style=\"font-weight: 400;\">, allowing buyers to set the terms they want. That means house hunters don\u2019t necessarily need to break the bank for a huge down payment if it makes more financial sense to save some money for things like future home renovations or other investments.\u201d\u00a0<\/span><\/p>\n<h3>31% of Homebuyers Pay in Cash, Down From 34% a Year Ago<\/h3>\n<p><span style=\"font-weight: 400;\">Roughly three in 10 (30.6%) U.S. homes were bought with all cash in December. That\u2019s down from 33.8% a year earlier, but up from September\u2019s three-year low of 28.6%.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-79356 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-4.png\" alt=\"\" width=\"618\" height=\"464\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-4.png 618w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-4-300x225.png 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The share of buyers paying in cash peaked in 2023 because that\u2019s when mortgage rates peaked, hitting a <\/span><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">two-decade high<\/span><\/a><span style=\"font-weight: 400;\"> of nearly 8%. Buyers who can afford to pay in cash are more inclined to do so when rates are high because they\u2019re avoiding high monthly interest payments, and saving money in the long run.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mortgage rates have since come down slightly and evened out in the 6% to 7% range, bringing down the share of buyers who are paying in all cash. Additionally, investors\u2013who make up a big share of all-cash buyers\u2013are <\/span><a href=\"https:\/\/www.redfin.com\/news\/investor-home-purchases-stabilize-q3-2024\/\"><span style=\"font-weight: 400;\">purchasing<\/span><\/a><span style=\"font-weight: 400;\"> fewer homes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On an annual basis, <\/span><a href=\"https:\/\/www.redfin.com\/news\/all-cash-sales-annual-2024\/\"><span style=\"font-weight: 400;\">32.6%<\/span><\/a><span style=\"font-weight: 400;\"> of 2024\u2019s home sales were made in cash, the lowest share in three years.\u00a0<\/span><\/p>\n<h3>15% of Mortgaged Homebuyers Use FHA Loans, Little Changed From a Year Ago<\/h3>\n<p><span style=\"font-weight: 400;\">Roughly one of every seven (15%) mortgaged home sales used an FHA loan in December, down slightly from 15.9% a year earlier but up from mid-2022\u2019s decade-low of roughly 10% .\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The share of mortgaged home sales using a VA loan rose to 6.7%, from 6.2% a year earlier.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79355 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-3.png\" alt=\"\" width=\"617\" height=\"443\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-3.png 617w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/unnamed-3-300x215.png 300w\" sizes=\"(max-width: 617px) 100vw, 617px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">FHA and VA loans are both insured by the U.S. government. <\/span><a href=\"https:\/\/www.redfin.com\/guides\/first-time-home-buyer-fha-loans\"><span style=\"font-weight: 400;\">FHA loans<\/span><\/a><span style=\"font-weight: 400;\">, meant for low-to-moderate-income borrowers and popular with first-time homebuyers, have lower financial requirements than conventional loans; typically, they require a 3.5% down payment. <\/span><a href=\"https:\/\/www.redfin.com\/definition\/va-loan\"><span style=\"font-weight: 400;\">VA loans<\/span><\/a><span style=\"font-weight: 400;\"> are available to veterans, service members and their surviving spouses, and require little to no down payment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More homebuyers are using FHA loans now than in late 2021 and early 2022, when the ultra-competitive environment favored buyers with higher down payments and more ability to prove their financial security. Now, buyers are more likely to get an offer using an FHA loan accepted. Additionally, higher home prices mean more buyers find it hard to afford large down payments, making FHA loans more popular.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conventional loans are by far the most common type of mortgage. Nearly four in five (78.4%) borrowers used a conventional loan in December, little changed from 77.9% a year earlier.\u00a0<\/span><\/p>\n<h3>Metro-Level Highlights<\/h3>\n<p><i><span style=\"font-weight: 400;\">The data below is from December 2024, the most recent month for which data is available, and covers 40 of the most populous U.S. metros.\u00a0<\/span><\/i><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Down payments<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Down-payment percentages were highest in San Francisco, where the typical homebuyer put down 26.4% of the purchase price. It\u2019s followed by two other California metros: Anaheim and San Jose, at 25% apiece.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">They were lowest in Virginia Beach, VA (3%), Detroit (6.5%) and Baltimore (8.5%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">They fell in 8 of the metros we analyzed, with the biggest declines in Portland, OR (-4.6 percentage points to 15.4%), Orlando, FL (-3 pts. to 15%) and Jacksonville, FL (-2.1 pts. to 10%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">They rose most in Charlotte, NC (4.1 pts. to 14.1%), Minneapolis (1.4 pts. to 11.4%) and San Francisco (1.4 pts. to 26.4%).\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>FHA loans<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">FHA loans were most prevalent in Riverside, CA, where 25.4% of mortgaged home sales used one. Next come Providence, RI (25.1%) and Las Vegas (24.3%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">They were least prevalent in California: San Francisco (2.1%), San Jose (2.2%) and Anaheim (5%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The use of FHA loans increased most in Detroit (3.8 pts. to 20.6%), Tampa, FL (3.4 pts. to 23.2%) and Anaheim (2.4 pts. to 5%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Their use declined most in Riverside (-4.3 pts. To 25.4%), Los Angeles (-3.9 pts. to 13.2%) and Minneapolis (-3.7 pts. to 8.8%).\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>VA loans<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">VA loans were most prevalent in Virginia Beach, VA (39%), Jacksonville (16.3%) and Washington, D.C. (14.3%). Those metros all have a large military presence.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">They were least prevalent in the Bay Area: San Jose (less than 1%), San Francisco (1.5%) and Oakland (1.8%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The use of VA loans increased most in Sacramento, CA (2.7 pts. to 6.8%), Riverside (2.6 pts. to 7.3%) and San Diego (2.5 pts. to 14.2%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Their use declined most in Cincinnati (-3 pts. to 5.3%), Jacksonville (-1.2 pts. to 16.3%) and Philadelphia (-0.8 pts. to 2.9%).\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>All cash\u00a0<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">All-cash home purchases were most prevalent in West Palm Beach, FL, where more than half (50.4%) of homes were bought in cash. Next came Cleveland (46%) and Jacksonville (39.3%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">They were least prevalent in Oakland (16.2%), San Jose (17.8%) and Seattle (18.8%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">They increased most in Baltimore (4 pts. to 37%), Cleveland (2.8 pts. to 46%) and Warren, MI (0.6 pts. to 31.4%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">They declined most in Riverside (-11.3 pts. to 31.5%), Jacksonville (-9.4 pts. to 39.3%) and Atlanta (-9.1 pts. to 31.7%).\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<table>\n<tbody>\n<tr>\n<td colspan=\"6\"><b>Metro-level summary: Down payments, all cash and loan types, Dec. 2024<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">40 most populous U.S. metros<\/span><\/i><\/td>\n<\/tr>\n<tr>\n<td><b>U.S. metro area<\/b><\/td>\n<td><b>Median down payment (%)<\/b><\/td>\n<td><b>Median down payment ($)<\/b><\/td>\n<td><b>Share of homes bought in cash<\/b><\/td>\n<td><b>Share of mortgaged home sales using FHA loan<\/b><\/td>\n<td><b>Share of mortgaged home sales using VA loan<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Anaheim, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$284,650<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlanta, GA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$37,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Baltimore, MD<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$28,400<\/span><\/td>\n<td><span style=\"font-weight: 400;\">37.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Charlotte, NC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$50,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Chicago, IL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$37,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cincinnati, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$32,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cleveland, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$20,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">46.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Columbus, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$34,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Denver, CO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$84,427<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Detroit, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$14,795<\/span><\/td>\n<td><span style=\"font-weight: 400;\">39.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fort Lauderdale, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$60,200<\/span><\/td>\n<td><span style=\"font-weight: 400;\">37.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$34,700<\/span><\/td>\n<td><span style=\"font-weight: 400;\">39.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Las Vegas, NV<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$42,024<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Los Angeles, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$182,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Miami, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$86,125<\/span><\/td>\n<td><span style=\"font-weight: 400;\">39.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Milwaukee, WI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$32,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minneapolis, MN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$42,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Montgomery County, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$80,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nashville, TN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$50,050<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New Brunswick, NJ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$102,250<\/span><\/td>\n<td><span style=\"font-weight: 400;\">32.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New York, NY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$178,750<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Newark, NJ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$89,450<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Oakland, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$200,250<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Orlando, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$56,250<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Philadelphia, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$27,013<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Phoenix, AZ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$50,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Pittsburgh, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$23,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Portland, OR<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$75,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Providence, RI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$51,768<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Riverside, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$64,450<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sacramento, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$83,750<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Diego, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$169,966<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Francisco, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$375,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$386,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Seattle, WA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$163,625<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tampa, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$35,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">38.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">23.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Virginia Beach, VA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$10,033<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">39.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Warren, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$33,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Washington, DC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$57,875<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">West Palm Beach, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$75,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">50.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.0%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That\u2019s up from 15% a year ago. The typical U.S. homebuyer now puts down roughly $63,000, about $4,000 more than last year, because of a jump in home prices.\u00a0 About 31% of buyers are purchasing homes using all cash, down from about 34% a year earlier.\u00a0 15% of mortgaged homebuyers are using FHA loans, and [&hellip;]<\/p>\n","protected":false},"author":13153,"featured_media":79350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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