How long does it take to save up for a starter home? Twice as long as it did in 2019

NPR Business·Oct 22, 2026 · 4:00 AM CT

Readthrough summary

A new analysis finds it now takes twice as long as in 2019 to save for a down payment and closing costs on a starter home. Mortgage rates are above 7%. The Center for Responsible Lending says closing costs have become another growing hurdle for first-time buyers.

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