Study: Arizona an average state for first-time home buyers

First-time home buyers

 

First-time home buyersBy Sydney Maki | Phoenix Business Journal

For millennials in the market for houses, Arizona ranks in the middle of the pack in a Bankrate lineup of the easiest and hardest states to become a first-time home owner.

Arizona came in at No. 24 out of 50, scoring well in credit availability, but not much else.

“There are some challenges for them in that we do have a bit of a tight market,” said Paula Monthofer, president of Arizona Association of Realtors. “Arizona is very diverse market. You definitely see there are more and more millennials looking to get into the market.”

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