Rising Down Payments Challenge First-Time Homebuyers

The Long View, institutional investor, posted on X. The average down payment for first-time homebuyers has significantly increased over the years. In 2000, the down payment constituted 45% of a household's income. Today, this figure has risen to 70%, posing a substantial challenge for new entrants into the housing market. This increase reflects broader economic trends and the growing financial burden on prospective homeowners.