Home Down Payments Hit Record Highs in 2024 -- Market Talk

Dow Jones2025-03-27

1034 ET - In 4Q, the typical U.S. down payment was $30,250, Realtor.com says, down slightly from 3Q but up $3,000 from a year ago. Down payments hit record highs in 2024, averaging $29,900, or 14.4% of purchase price, versus $27,200, or 14.2%, in 2023. That is 3.4 points above pre-pandemic levels, driven by a market favoring high-end homes and wealthier buyers, who put down more to offset high mortgage rates. Entry-level buyers are being sidelined by the high downpayments. Pandemic-era savings, which spiked to more than 30% of disposable income--versus 6.5% pre-pandemic--bolstered larger down payments, a trend persisting despite a lower savings rate now. With the market stable and tilted toward less price-sensitive buyers, down payments--double pre-pandemic medians--should stay elevated. (chris.wack@wsj.com)

(END) Dow Jones Newswires

March 27, 2025 10:35 ET (14:35 GMT)

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Pandemic-era savings, which spiked to more than 30% of disposable income--versus 6.5% pre-pandemic--bolstered larger down payments, a trend persisting despite a lower savings rate now. With the market stable and tilted toward less price-sensitive buyers, down payments--double pre-pandemic medians--should stay elevated. 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Down payments hit record highs in 2024, averaging $29,900, or 14.4% of purchase price, versus $27,200, or 14.2%, in 2023. That is 3.4 points above pre-pandemic levels, driven by a market favoring high-end homes and wealthier buyers, who put down more to offset high mortgage rates. Entry-level buyers are being sidelined by the high downpayments. Pandemic-era savings, which spiked to more than 30% of disposable income--versus 6.5% pre-pandemic--bolstered larger down payments, a trend persisting despite a lower savings rate now. With the market stable and tilted toward less price-sensitive buyers, down payments--double pre-pandemic medians--should stay elevated. (chris.wack@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 27, 2025 10:35 ET (14:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4195","symbol_name":"互助储蓄与抵押信贷金融服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522330743","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522330743","pubTimestamp":1743086100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1034 ET - In 4Q, the typical U.S. down payment was $30,250, Realtor.com says, down slightly from 3Q but up $3,000 from a year ago. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4195":"互助储蓄与抵押信贷金融服务","HBCP":"Home Bancorp Inc","BK4111":"出版","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","NWS.AU":"NEWS CORP - CLASS B- CDI","NWS":"新闻集团","BK4211":"区域性银行","NWSA":"新闻集团","BK7038":"出版","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"2024年房屋首付创历史新高——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NWS.AU":0.9,"CFA.SI":1,"NWS":0.9,"NWSA":0.9,"HBCP":1},"content_text":"1034 ET - In 4Q, the typical U.S. down payment was $30,250, Realtor.com says, down slightly from 3Q but up $3,000 from a year ago. Down payments hit record highs in 2024, averaging $29,900, or 14.4% of purchase price, versus $27,200, or 14.2%, in 2023. That is 3.4 points above pre-pandemic levels, driven by a market favoring high-end homes and wealthier buyers, who put down more to offset high mortgage rates. Entry-level buyers are being sidelined by the high downpayments. Pandemic-era savings, which spiked to more than 30% of disposable income--versus 6.5% pre-pandemic--bolstered larger down payments, a trend persisting despite a lower savings rate now. With the market stable and tilted toward less price-sensitive buyers, down payments--double pre-pandemic medians--should stay elevated. (chris.wack@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 27, 2025 10:35 ET (14:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2522330743","isCrawlerRequest":true}