A Cooling Market Is Pushing Back on High Down Payments

March 22, 2023 Kyle G. Horst

The correlation between the asking price and the size of the down payment is behaving as expected—as the housing market has cooled over the past year, down payment amounts are down by 10%.

Previous Article
Spring Homebuyers Greeted by Another Dip in Mortgage Rates
Spring Homebuyers Greeted by Another Dip in Mortgage Rates

Mortgage rates fell for the second consecutive week, spurring a jump in mortgage apps at the outset of the ...

Next Article
Americans Struggling to Pay Rent as Affordability Worsens

"The general rule of thumb is that you shouldn't spend more than 30% of your income on housing, but the dat...