Tag Archive: Bankrate.com

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.

2015 Starts With a Welcome Surprise in Mortgage Rates

One year ago, economists predicted that mortgage rates would top 5 percent by the start of 2015. Instead, rates plunged last year and opened 2015 with 30-year, fixed-rate mortgages at the lowest level in 20 months, a development potential homebuyers should consider leveraging.

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