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Are Everyday People Catching Up To The Housing Bubble?
Surprise, surprise: Contract signings in America's otherwise frozen resale property market posted an
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Finance, economics, macro indicators, etc are chock full of caveats. Older I get the more I realize that no one knows much of anything ::shrugs shoulders::
Yeah, no one knows much of anything about anything — macro, markets or otherwise.
I just read a realtor industry report that said that the typical (this was not defined) down payment increased from $13,900 in 3Q 2019 to $30,400 in 3Q 2025.
On the plus side- in 2025, the typical household needed seven years to save for a down payment, down from a peak of 12 years in 2022.
It will likely take years, not months, for the housing market supply and demand to rebalance.