New in March 2015:3% Down For First-time Buyers

“Socking away enough for a down payment isn’t easy. In fact, recent research found that, with Americans’ current savings rate, it would take the average buyer as long as 12 years to build up a 20% down payment on a median-priced home. As a result, many first-time, younger and lower-income homebuyers have been largely left out of the housing market in the years since the recession.”

Read the full article at Trulia.