【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
2021.07.12
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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.
