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.
