April 26, 2024 10:08 am
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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.”

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.