{"id":14097,"date":"2018-09-20T14:14:14","date_gmt":"2018-09-20T14:14:14","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=14097"},"modified":"2018-09-20T14:14:15","modified_gmt":"2018-09-20T14:14:15","slug":"down-payments-near-record-highs","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/down-payments-near-record-highs\/","title":{"rendered":"Down Payments Near Record Highs"},"content":{"rendered":"

Down Payments Near Record Highs<\/h2>\n
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Down Payments Near Record Highs<\/p><\/div>\n

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Home buyers are putting more money down on a home purchase than ever before. The size of down payments during the second quarter climbed to a median of $19,900, a record high, according to ATTOM Data Solutions\u2019 research, which dates back to the first quarter of 2000. What\u2019s more, this marks a 19 percent jump from $16,750 in this year’s first quarter.<\/p>\n

The median down payment was 7.6 percent of the median sales price of homes purchased with finances during the second quarter, according to the report. That percentage is at a nearly 15-year high.<\/p>\n

With higher home prices, California buyers tend to bring the highest down payments. Among 103 metro areas, the places with the largest median down payments in the second quarter were: San Jose, Calif. ($306,000); San Francisco, Calif. ($220,000); Los Angeles, Calif. ($130,000); Oxnard-Thousand Oaks-Ventura, Calif. ($115,400); and Boulder, Colo. ($107,750).<\/p>\n

\u201cBuyers are upping the ante when it comes to down payments, evidenced by the record-high median down payment for homes purchased in the quarter, and an increasing number of buyers are getting help from co-buyers,\u201d says Daren Blomquist, senior vice president at ATTOM Data Solutions.<\/p>\n

The number of loans with co-buyers\u2014which is multiple, nonmarried buyers\u2014that were listed on the sales deed is climbing. A down payment on a co-buyer loan averaged 16.3 percent of the purchase price, which is more than double the average percentage for other buyers. The average down payment with a co-buyer is 51 percent higher than loans without co-buyers ($63,117 versus $41,749).<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cU.S. Refinance Originations Drop to Four-Year Low in Q2 2018<\/a>,\u201d ATTOM Data Solutions (Sept. 11, 2018)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Down Payments Near Record Highs Home buyers are putting more money down on a home purchase than ever before. The size of down payments during the second quarter climbed to a median of $19,900, a record high, according to ATTOM Data Solutions\u2019 research, which dates back to the first quarter of 2000. What\u2019s more, this … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-14097","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nDown Payments Near Record Highs - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/down-payments-near-record-highs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/down-payments-near-record-highs\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/down-payments-near-record-highs\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Down Payments Near Record Highs\",\"datePublished\":\"2018-09-20T14:14:14+00:00\",\"dateModified\":\"2018-09-20T14:14:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/down-payments-near-record-highs\\\/\"},\"wordCount\":277,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/down-payments-near-record-highs\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/09202018.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/down-payments-near-record-highs\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/down-payments-near-record-highs\\\/\",\"name\":\"Down Payments Near Record Highs - 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