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Saving up for a starter home takes more and more time
How long does it take to save for a starter home? New research says the time has doubled since 2019. On average, it now takes a renter 16 years to save up for their first home purchase… and that's only putting 3.5% down on a $335,000 house. For more on the new report from the Julian Bond Institute and what it means for young people who hope to someday buy a home, the hosts turn to Skyler Ford, a mortgage advisor with Neo Home Loans. He also talks about mortgage rates falling a bit for the first time since August.
