JAY D'ABRAMO
Posts from May 26th, 2026
Behind the Sign: Real Stories from Tampa Bay’s Market
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Real Estate | 77 Posts
May
26
26
The "20% Down" Myth Is Fading, and Tampa Bay Buyers Should Pay Attention
If you're like a lot of buyers I talk to in Tampa Bay, you're probably carrying around an old rule of thumb: "You need 20% down to buy a home."
That number has been baked into the public mindset forever, but the reality is this: most buyers haven't been putting 20% down for years. And now the gap between what buyers think they need and what they actually need is getting wider.
A new Realtor.com report says the median down payment in the U.S. dropped to its lowest level in four years. In Q1 2026, the median down payment was $23,400, which worked out to about 12.8% of the purchase price. That's the fourth straight quarter of decline.
So what does that mean fo...
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