It takes a typical renter in the U.S. eight years to save for a 20 percent down payment, compared to about five years for renters without housing expenses.
-- In expensive markets like Southern California and the San Francisco Bay Area, saving for even a 10 percent down payment can take more than a decade.
-- Savers can reach their down payment goals the fastest in Pittsburgh and Cleveland.
-- More than half of first-time buyers put down less than 20 percent.
PR Newswire
SAN FRANCISCO, Feb. 28, 2019
