Changing Homebuying Trends Amidst Economic Uncertainty.

Homebuyers in the US are putting less money down, with the median down payment now at 10% of the purchase price, the lowest in almost two years, according to a report by Redfin. High mortgage rates have changed the calculus around down payments, with buyers no longer needing to distinguish themselves from other bidders with big deposits. This has given first-time buyers who may not have been able to marshal the cash for a big down payment during the boom a shot at getting in the game.