Report: Bigger Down Payments Continue in Q4 2024 as Homeowners Use Pandemic-Era Savings and Increased Home Equity
Buyers paid 14.4% as a share of purchase price and $29,900 on average in 2024, up from 14.2% and $27,200 in 2023.
The Brian Phillips Team of Douglas Elliman earned a Platinum Ellies Award, which ranked it among the top 8% of agents nationwide. The team also earned the number nine ranking in Gross Commission Income, Large Team—Volume and Large Team Transactions. The team has also added a third office at 575 Madison Ave. in Manhattan to go along with its locations at 2112 Frederick Douglass Blvd. in Harlem and at 3544 Johnson Ave. in the Riverdale section of the Bronx.
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