March 30, 2024
Millennial Homeownership: Where to Buy (and Where to Skip)
A recent Bankrate report analyzed the best and worst states for first-time homebuyers, finding that millennials may need to consider smaller, more affordable states to achieve homeownership. States like California, New York, Texas, Colorado, Oregon, and Massachusetts rank among the toughest due to high housing costs. Conversely, Iowa, Utah, and Minnesota are the most favorable. The report highlights that affordability varies significantly, with the least affordable states requiring over a third of household income for mortgage payments compared to just 1
