Homebuyer Down Payments Shrink for First Time in 5 Months
The typical homebuyer’s down payment dropped 1.5% year over year in December to $64,000 as elevated housing costs and increased negotiating power drove buyers to
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
The typical homebuyer’s down payment dropped 1.5% year over year in December to $64,000 as elevated housing costs and increased negotiating power drove buyers to
The typical Austin home that went under contract in December spent a record 106 days on the market, compared with 60 days nationwide. A decade
Luxury home prices rose 4.6% in December—more than triple the gain in non luxury prices. Only two major metro areas saw declines. Redfin agents say
The typical buyer who scored a home for below the list price in 2025 got a 7.9% discount—the largest since 2012. 1 in 4 buyers
A record 33% of U.S. rentals are in large multifamily buildings, while 31% are single-family homes—a record low. As recently as 2021, single-family homes made
There were a record 47% more home sellers than buyers in December, giving the buyers who were in the market negotiating power. The Sun Belt
The typical homebuyer’s down payment dropped 1.5% year over year in December to $64,000 as elevated housing costs and increased negotiating power drove buyers to
The typical Austin home that went under contract in December spent a record 106 days on the market, compared with 60 days nationwide. A decade
Luxury home prices rose 4.6% in December—more than triple the gain in non luxury prices. Only two major metro areas saw declines. Redfin agents say
The typical buyer who scored a home for below the list price in 2025 got a 7.9% discount—the largest since 2012. 1 in 4 buyers
A record 33% of U.S. rentals are in large multifamily buildings, while 31% are single-family homes—a record low. As recently as 2021, single-family homes made
There were a record 47% more home sellers than buyers in December, giving the buyers who were in the market negotiating power. The Sun Belt