IE Business Daily Business news for the Inland Empire.
The typical U.S. homebuyer’s down payment was $70,000 in August, up 6.1 percent year-over-year and the highest dollar amount ever for down payments, according to a report.
The typical homebuyer’s down payment during the eighth month of 2025 was equal to 18.6 percent of the purchase price, up from 17.8 percent one year earlier and the highest August level since 2013, Seattle-based Redfin reported.
Also, just under 29 percent of U.S. homebuyers paid cash for their homes in August, essentially unchanged from one year earlier.
All-cash payments peaked at nearly 35 percent in late 2023 and early 2024, when mortgage rates reached the high seven percent range. If they could afford it, buyers were inclined to pay in cash to avoid high monthly interest payments, according to Redfin.
