20 Markets Where You Can Rustle Up a Down Payment the Fastest
Not many lists of housing market hotspots include Bloomington, Illinois; Bismarck, North Dakota; and Akron, Ohio, in the upper echelon. But this one does.
Rent Café has produced a list of the 20 metropolitan statistical areas (MSAs) in the United States where renters can most quickly save up the down payment for a home of their own. It’s dominated by the Midwest, with 14 on the list, including eight of the top 10.
The number crunchers parsed data from the Bureau of Labor Statistics, U.S. Census Bureau, Economic Policy Institute, and Zillow to determine how long it would take a two-person family to set aside the down payment on what is often one’s first real estate investment: a starter home.
Source Fool.com
