Scotsman Guide News
We bring you daily news updates on our website.
Stay on top of mortgage news and trends
Subscribe to our weekly e-newsletter, Top News,
“Homeowner equity increased by
almost $871 billion over the last
12 months, the largest increase
in more than three years.”
Senior vice president, Attom Data Solutions
Victor Whitman is chief reporter at Scotsman Guide Media.
Reach him at (425) 984-6017 or firstname.lastname@example.org.
U.S. home prices were on pace in 2017 to rise by
more than 6 percent over the 2016 level. In several
major cities, prices were climbing at an even faster
pace as the end of the year approached. As of September 2017, however, the Seattle metro area was
the only major city on pace for a double-digit annual
gain in home prices, according to the S&P CoreLogic
Case-Shiller Price Index.
Chief economist, CoreLogic
“Buying a home has become a full-
contact sport in many markets
across the country, and buyers
with the beefiest downpayments —
not to mention all-cash buyers —
are often able to muscle out those
with scrawnier savings.”
level rises in 2017
The median downpayment for a U.S. home
purchase hit a 17-year high during the third
quarter of 2017, Attom Data Solutions reported.
The U.S. median downpayment reached $20,000
this past third quarter, up from $14,400 a year
earlier and the largest amount since first-quarter
2000 — the earliest date for which tracking data is
available. In a dozen high-cost cities, the median
downpayment topped $50,000. The market with
the highest median downpayment was San Jose,
California, at $247,000, Attom reported.
Source: S&P CoreLogic Case-Shiller Price Index
Source: Attom Data Solutions
Leading Cities for Annual
Top Median Downpayments for Home Purchases Q3 2017
*As of September 2017