That’s down from 12 years in 2022 but nearly double the pre-pandemic norm.
A “For Sale” sign near a home in Austin, Texas, in this file photo. Brandon Bell/Getty Images
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Would-be homeowners across the United States are spending an average of seven years to save for a down payment on a house, according to a Dec. 29 report from Realtor.com.
The report indicates that while this time frame is down from 12 years in 2022, it is still nearly double the pre-pandemic norm.
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.
