In Massachusetts a lack of affordable homes makes the Bay State challenging for first-time homebuyers. Oregon's high cost of homeownership drives it down to the bottom of the list for good Millennial home purchase experiences, Bankrate reports.
A rock-bottom ranking in "housing market tightness" makes the Colorado state a steep climb for young homebuyers.The Lone Star state loses some of its home purchase luster due to tight home inventories and limited access to credit. A lousy job market for young adults and an almost equally-low ranking for homeownership among millennials gives young Rhode Island homebuyers big obstacles.
Lack of good loan/credit opportunities and a weak job market works against young homebuyers in Mississippi. One of the worst ratings in "credit availability" by Bankrate gives Louisiana a "big uneasy" mark for young homebuyers.
A bottom-basement rating in homeownership (New York is only behind California in that category) weakens the Empire State's reputation among young state-wide home buyers. The Aloha State rates a "zero" in homeownership rates among young adults, dragging it near the bottom of the Bankrate list.