Down payments for Phoenix homebuyers cheaper than in other Western, U.S. big cities

“The average down payment for a house in Phoenix is among the lowest in U.S. big cities and is significantly less than what homebuyers have to put down in California.

The average down payment for a house in the Phoenix area is 14.2 percent of the purchase price, according to new data from the RealtyTrac real estate research firm.
That is pretty much right at the national down payment average of 14 percent.”

Article written by: Mike Sunnucks, Senior Reporter-Phoenix Business Journal

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