Los Angeles The Worst Metropolitan Area For First-Time Homebuyers, Bankrate Study Confirms

CBS Los Angeles

June 14, 2022

In news that Angelenos already knew, Los Angeles is the worst metropolitan area in the country for first-time homebuyers, according to a new study.

A new Bankrate study released Monday confirmed that the City of Angels is hell for anyone looking to buy their first home for a number of reasons. The study ranked the 50 largest metro areas in the country based on affordability, employment factors, housing market tightness, safety, and wellness and culture — the all the factors Bankrate.com says first-time homebuyers should consider when purchasing a home.

"While Los Angeles ranked 3rd best for wellness and culture, it ultimately came in as the worst metro-statistical area for first-time homebuyers due to ranking 49th in affordability, 48th in employment factors, 39th in housing market tightness, and 30th in safety," Bankrate said.

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