Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey
Housing Wire
NOVEMBER 13, 2023
Buyers offer higher down payments to offset steep borrowing costs Overall, the typical down payment was 8% for first-time buyers and 19% for repeat buyers — the highest share since 1997 and 2005, respectively. In 2023, 89% of recent buyers hired an agent to purchase their home, up from 86% in 2022.
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