How Fast Can You Save for a Down Payment?
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state?
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The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to
A recent 
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The availability of mortgage credit is not at the same level that it was during the boom in housing (2005), and that’s good news.
In a study conducted by Builder.com, researchers determined that nationwide, it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home.