Trump administration proposal to use 401(k) savings for home down payments sparks debate
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How Much Is a Down Payment on a House?
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zillow.com
2024 set records for the highest down payments ever, both in dollar amounts and as a percentage of home prices. Why the jump? 🏘️ Since 2020, rising home prices and fierce buyer competition have driven down payments up. High prices and mortgage rates have priced out many buyers with smaller budgets, leaving the market dominated by higher-earning buyers who can afford bigger down payments. Regional trends: 📈 Up in the Northeast and Midwest: These areas continue to see down payments grow. 📉 Down
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