Tag Archive: affordability

California: The Toughest State for Millennial Homebuyers

The current U.S. real estate market is proving challenging to the youngest and largest group of homebuyers, with ownership rates for those under 35 at a two-decade low as of 2015. Conditions are even harder for first-time buyers in California, where high prices, tight supply conditions, and poor affordability are keeping more millennials from purchasing homes.

U.S. Housing Affordability Falls to Six-Year Low

It's not just the Bay Area and California that are experiencing major housing affordability challenges: it's the entire country, and the rising mortgage rates that ensued in the wake of the U.S. presidential election are exacerbating the problem.

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