Study Says Southern California Is One Of The Worst Place For First-Time Homebuyers

KCAL News, CBS Los Angeles

April 4, 2023

While the Golden State's thriving housing market may still make a good investment, a recent study shows that the American Dream is becoming less attainable for people in Southern California.

"That's what kind of worries me," said prospective homebuyer Jackie Merry. "Actually falling in love with someplace and not being able to actually get it."

The American Dream seems to be getting harder and harder for prospective homebuyers as the "for sale" signs seem to be diminishing in Southern California as owners are less inclined to sell amid the high-interest rates. According to a new study from the website Bankrate, Southern California is one of the worst places for first-time homebuyers.

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