Good news coming out of new Q2 data: national down payments have hit record high levels not seen since Q1 of 2000.

The median down payment amount was $19,900, which was a 19% increase over Q1. This shows that consumers not only have more money to put down on a home, but are also willing to put more down in order to secure a home. However, as advocates, we have to look at the bigger picture than just putting money down. We should stay talking about emergency reserves, unplanned expenses, terms, purchasing power, etc. Stay focused on what matters!

Beau Vermillion