California ranks as the toughest state for first-time homebuyers for several reasons, including low home affordability (#49), availability (#49) and U-35 homeownership percentage (#49), as well as high millennial unemployment (#41). Iowa, on the other hand, is the easiest state due in large part to the most affordable home prices in the country. The Hawkeye State also graded highly for U-35 homeownership (#2) and millennial employment (#10). Utah, Minnesota, Kansas and Missouri comprise the rest of the five easiest states for first-time homebuyers. Rank State Total score Housing affordability Job market for young adults Housing market tightness Credit availability Homeownership among millennials 1 Iowa 40.32 10.00 7.55 5.60 7.53 9.64 2 Utah 40.16 6.55 9.33 5.88 8.85 9.55 3 Minnesota 39.60 8.66 7.85 3.75 9.34 10.00 4 Kansas 38.11 8.18 7.67 7.02 8.33 6.91 5 Missouri 38.10 8.71 6.01 8.26 7.67 7.45 6 North Dakota 37.66 8.39 10.00150
Category: Real Estate News
Carson is Hud Secretary
Or it takes a brain surgeon to run HUD. Ben Carson Confirmed as HUD Secretary by Jon Boughtin By a vote of 58-41, the U.S. Senate confirmed Dr. Ben Carson today as the next Secretary at the Department of Housing and Urban Development. National Association of Realtors® President William E. Brown laid out the challenges that lie ahead, saying Realtors® look forward to working with Secretary Carson to advance home ownership and real estate investment across the country. Here’s what Brown had to say following the vote: Dr. Carson should be proud of his achievement. The task at hand is a big one, and we applaud his commitment to the challenges that lie ahead. #BenCarson Approved as #HUD Secretary – blogged by @MsJennyb ⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀ On Tuesday, the Senate Banking Committee approved of Dr. Ben Carson to oversee the Department of Housing and Urban Development, Politico reports. ⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀ The150
10 Cities Under $100k
For many Americans, the dream of owning a home has slowly become a pipe dream. According to December 2023 figures from Zillow, the national average home price has skyrocketed to over $340K. Most Americans still holding onto that dream have started hunting for places it can still be achieved without living near a toxic waste dump or in a city so dangerous it could be the backdrop for the next installment of Mad Max. Want a cheap home? The dream of home ownership in America has become increasingly challenging as the national average home price has soared over $340,000. However, there are still cities where it is possible to buy a home for under $100,000. These cities may not offer the glamor of beachfront properties or quaint New England towns, but they provide affordable living without significant compromises. Here are ten cities where home buying remains budget-friendly. Wichita, Kansas Overview:150
Why is Torrance a Great Place to Own a Home
Top 5 Reasons to Invest in a Home in Torrance Torrance, a city located in the South Bay region of Los Angeles County, is a highly desirable place to live and own a home. With its beautiful beaches, top-rated schools, and diverse community, it’s no wonder that Torrance has become a popular choice for homebuyers. In this article, we will explore the top five reasons why investing in a home in Torrance is a wise decision. First and foremost, Torrance offers a prime location. Situated just a few miles from the Pacific Ocean, residents of Torrance have easy access to some of the most beautiful beaches in Southern California. Whether you enjoy surfing, swimming, or simply soaking up the sun, Torrance’s beaches have something for everyone. Additionally, Torrance is conveniently located near major freeways, making it easy to commute to other parts of Los Angeles or Orange County for work150
