8 Hrs
Source:
الاقتصادية
Source: الاقتصادية
8 Hrsالاقتصادية
Source: الاقتصادية
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Americans need an average of 14.4 years to save for a down payment on a home, compared with 7.5 years in Europe. California leads the U.S. states at about 25.1 years, while Iowa has the shortest timeframe, at 8.7 years. The estimate assumes a down payment equal to 10% of the home’s price and that 10% of annual disposable income is set aside for savings after taxes and living expenses. The differences in saving times reflect variations in home prices, incomes, living costs and insurance. Meanwhile, the average age of first-time homebuyers in the United States has reached a record 38.
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