U.S. Down Payments Just Hit Their Lowest Level Since 2021

On today’s Hot Sheet, Byron Lazine discussed homebuilder sentiment in May and down payments falling to a four-year low….

On today’s Hot Sheet, Byron Lazine discussed the NAHB-Wells Fargo Housing Market Index showing builder confidence rose three points to 37 in May as affordability challenges, elevated mortgage rates and economic uncertainty continued weighing on buyer demand.

He also covered Realtor.com®’s latest Down Payment Report, which found the typical U.S. down payment fell to $23,400 in Q1 2026—the lowest level since 2021—as more buyers used FHA and VA loan programs.

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