The recent homebuyers from our survey put down an average of 27 percent for their homes, suggesting significant financial preparation and the importance of saving over time.
Many respondents reported that their journey to a down payment included efforts like boosting savings accounts, utilizing high-yield accounts, or taking extra jobs to secure financing.
Survey responses indicate that it took prospective buyers approximately 4.5 years on average to save up for their down payments, highlighting the dedication required in the home-buying process.
Homes.com provides essential neighborhood guides, helping buyers to understand local market trends such as sale prices and their changes, which is critical for informed financial planning.
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