The Bank of Mom and Dad is helping to keep the housing market afloat – a new survey from Redfin determined nearly one-quarter (23.8%) of young Americans who recently bought a home tapped into family money to help cover their down payment. The typical homebuyer’s down...
The typical homebuyer’s down payment in April was $62,468, according to a new data report from Redfin (NASDAQ: RDFN). This is a roughly 1% year-over-year drop and the first annual decline since the summer of 2023. In percentage terms, the typical homebuyer puts down...
Selling stocks to buy a house, the continued delay on confirming the new CFPB director, and layoffs at Fannie Mae. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 7-11. Hit: Taking Stock. One of the most intriguing real...
The typical down payment during the fourth quarter of 2024 was $30,250, according to a new report from Realtor.com. The level was slightly below the third quarter’s level but roughly $3,000 higher than one year prior. “As inventory recovers, the housing...
The typical down payment for homebuyers hit a record high of $67,500 in June, according to new data from Redfin (NASDAQ: RDFN). This is up 14.8% from $58,788 one year earlier and the 12th consecutive month the median down payment was up year-over-year. The typical...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
