Study: Calif. Most Difficult State for First-Time Home Buyers

FRESNO, Calif. (KMJ) — Purchasing your first home is most difficult, here in the Golden State.

That’s according to a new BankRate study, which cites low home affordability, property shortages, and high levels of unemployment among millennials.

Analysts suggest alternative routes for prospective first-time buyers, such as FHA loans, that require smaller down payments around 3.5%.

BankRate says the second-worst state for new home purchases is Hawaii.

Iowa is said to be the nation’s best state for those desiring home ownership.

Aaron Abeytia anchors afternoon newscasts on News/Talk 580 & 105.9 KMJ. Read More…