I don’t know if this is typical but I have friends, in their mid-30’s, 3 kids, who’ve been sitting by the sidelines during the extreme prices and are now in escrow on a forclosed house.
They lived in a smaller house than they wanted in order to max out their savings. They’re going in with a $50k downpayment.
I know a couple of other friends in similar positions but not yet in escrow… been renting and living in much smaller spaces than they’d prefer, in an effort to save down payments… now hoping to pick up a better deal with their down payments, but waiting for the right home. All of them are married with kids.
