Redfin Corporation has released an analysis indicating that U.S. homebuyers' down payments are shrinking for the first time in nearly two years as the housing market cools. According to Redfin, the typical down payment now stands at $62,468, marking a 1% decline from the previous year. This shift is attributed to sellers outnumbering buyers, leading to increased negotiations and concessions from sellers. Additionally, the use of FHA and VA loans has risen, with over 15% of mortgaged homebuyers opting for FHA loans and more than 7% for VA loans. Despite a slight drop, all-cash home purchases remain significant, accounting for just under 31% of sales. The analysis, covering 40 major U.S. metropolitan areas, highlights that down-payment percentages are highest in California metros like San Francisco and lowest in places like Virginia Beach, VA. Meanwhile, all-cash purchases are most common in Cleveland and West Palm Beach, FL, but least common in Oakland, CA. The report underscores the cautious approach of buyers amid high housing costs and economic uncertainties.