The Expectations vs. Reality Gap: Millennials Want to Buy a Home within a Year, but Saving Takes up to 10 Years
Point2Homes
NOVEMBER 22, 2020
Although mortgage rates are at their lowest point in decades, down payments and low savings are the main hurdles that trip young people up on their path to homeownership. Most Millennials tend to greatly underestimate the amount of money they will need for a down payment. Of those, 14% have no savings at all. And not just any home.
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