MMR and Hyderabad saw the maximum new supply, accounting for 51% of the total new launches across the top seven cities. Hyderabad saw a 57% yearly increase in new supply in Q1 2024, while MMR saw its new supply decline by 9% in the period.
Spiking 24 percent from just 1 year ago
Based on new data from Redfin, the median down payment for U.S. homebuyers was $55,640 in February 2024. That's up 24.1% from $44,850 a year earlier--the largest annual increase in percentage terms since April 2022.
The typical homebuyer's down payment last month was equal to 15% of the purchase
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