ByAmy FontinelleAre you gearing up to buy your first place? Shopping for a home is exciting, exhausting and a little bit scary. In the end, your aim is to end up with a home you love at a
Years Needed To Save 10 Percent Down
In a recent study conducted by Builder.com, researchers determined that nationwide it would take â€śnearly eight yearsâ€ť for a first-time buyer to save enough for a down payment on their dream home.Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage a renter spends on housing in each state and the amount needed for a 10% down payment, they were able to establish how long (in years) it would take for an average resident to save.According to the study, residents in South Dakota are able to save for a down payment the quickest in just under 3.5 years. Below is a map created using the data for each state:
I am a specialist in the management and sale of bank owned AND investment properties throughout SE and Central Pennsylvania. Our team of (14) real estate agents and (3) support staff are here to e....
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by Jana RandallImage: Getty ImagesPrintIt's officially fall â€” use this handy checklist to make sure your house is ready for the seasonShareTweetPinWith cooler temperatures knocking, now is