Top 5 cities where a down payment is least affordable
A RealEstate.com survey highlights where first-time homebuyers are bound to have the most trouble saving for a 20% down payment. Using data on income and savings for residents ages 24 to 36, it analyzed the biggest 35 metros and the results are slightly alarming. One fun fact: It could take the average Millennial in Portland more than 13 years to afford a house.