Average down payment falls amid price cooling

As home-price growth has flattened, the average down payment has decreased, according to a new industry report.

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The typical homebuyer’s down payment in the United States decreased 1.5% year over year to $64,000 in December, the first drop in five months, Redfin found. That’s 15.2% of the average purchase price, compared with 16.7% a year prior.

“Down payments may be falling in…