Are first-time home buyers really able to put 20% down on a house?
Here are my local figures for home prices...
Overall median home price (new and resale, attached and detached) $472,000 94,4000
Average price of a new detached home . . . . . . . . . . . . . . . . . . . . . $835,794 167,158
Single-family resale home median price . . . . . . . . . . . . . . . . . . . . .$540,000 108,000
Resale condo median price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $380,000 76,000
Median price for newly-built houses, condos and condo conversions .$395,000 79,000
Most first timers won't be buying new or resale SFD, but even for a condo....80 grand?
How is anyone supposed to save up that much money, and be saving for retirement at the same time?




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