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【Zillow】It's Harder to Save for a Down Payment, But Today's First-Time Buyers Have Some Unique Opportunities

【Zillow】It's Harder to Save for a Down Payment, But Today's First-Time Buyers Have Some Unique Opportunities

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  • First-time buyers today need a year longer to save for a 20% down payment than they did five years ago.
  • Renters will need to save an additional $369 per month in the coming year just to keep up with the forecasted growth in home values.
  • Most first-time buyers put down less than 20%, but today’s low mortgage rates mean monthly payments can remain affordable with a smaller down payment.   

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