Today’s real estate news from RE-Insider, the California-based real estate news service for Realtors, brokers, investment companies and first time home buyers.
How Long Did Mom and Dad Save for Their Down Payment?
Not as long as their children must. Getting to 20 percent down is a lot harder these days.With each new generation of home buyers, housing prices rise — and so does the time it takes to save enough money.Between 1970 and 1985, a typical American family could save 10 percent of their income for about




