How does South Florida’s housing market slowdown affect down payments?

The typical South Florida homebuyer spends thousands of dollars more on a house down payment in 2022 compared to 2021, but a new report indicates that’s likely to change. A competitive housing market and escalating home prices caused an uptick in down payment costs over the past two years, according to an analysis by digital real estate brokerage Redfin Corp. That was the case in South Florida, where median down payments in Miami, Fort Lauderdale and West Palm Beach were $75,014, $63,188, and…

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