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First-time buyers have more “skin” in the game
2006
2017
2018
2019
2020
% of buyers with 20% or more down payment
23.9%
26.2%
27.2%
33.3%
33.1%
Median Downpayment (% to Price)
2.4%
7.4%
9.2%
9.8%
10.0%
% of buyers with zero down payment
40.9%
10.2%
9.2%
17.5%
10.6%
% of cash buyers
3.3%
6.7%
7.0%
9.3%
5.5%
% of home buyers with a second mortgage
62.8%
5.9%
6.6%
6.2%
4.0%
% of buyer with ARM
38.1%
4.4%
4.0%
3.7%
2.3%
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