More millennials buying their first homes during pandemic

Local realtor explains why more millennials are becoming homeowners during pandemic

WHILE MANY BUSINESSES HAVE TAKENA HIT DURING THISPANDEMIC -- OTHERS HAVE BEENBOOMING.WE SPOKE WITH A LOCAL REALTOR TOFIND OUT WHY THECORONAVIRUS IS PUSHINGMILLENNIALS INTO THEIR FIRSTHOMES.WHAT KIND OF TRENDS ARE YOUSEEING HEREIN BAKERSFIELD AND KERN COUNTYWHEN IT COMES TO YOUNGER PEOPLE,MILLENNIALS LOOKING INTOPURCHASING THEIR FIRST HOME?WE ALL KNOW THAT THE BESTINVESTMENTYOU CAN MAKE ID BUYING A HOME SOI THINK THAT MILLENNIALS AREKINDOF TAKING ADVANTAGE OF THAT ANDTHAT'S ABSOLUTELY HAPPENINGRIGHT NOW.SO I MEAN YOU'RE ALMOST PAYINGDOUBLE THE INTEREST LAST YEAR SOIF YOU HAVEN'T REFINANCED OR IFYOU'RE LOOKINGTO SELL SOON I MEAN YOU REALLYNEED TO HOP ON THAT.YOU KNOW I MEAN I EVEN HAVEPEOPLE WHERE THEY'RE BUYING AHOMEBECAUSE THEY'RE LIVING WITH MOMAND POP AND EVERYBODY'S WORKINGFROM HOME RIGHT NOW AND THEY'REBUTTING HEADS... AND THEYSAY IT'S TIME TO TAKE SOMEINITIATIVE AND I NEED SOMEPRIVACY YOU KNOW LET'S GO BUY.KERN COUNTY IS SEEING A LOT OFPEOPLE MOVING... FROM OUT OF THEAREA LIKE WE'RE SEEING PEOPLEFROMORANGE COUNTY AREAS OR LA OR SANDIEGO AREAS MOVING TOBAKERSFIELD RIGHT NOW JUSTBECAUSE THEIR MONEY STRETCHESFURTHERWHAT ARE SOME OF THE OPTIONS FORFIRST TIME BUYERS IN CALIFORNIAOR MAYBE EVEN SPECIFICALLY KERNCOUNTY IFTHERE'S SOMETHING ELSE SPECIFIC?YEAH, WELL THE MOST COMMON ONEIS FHAYOU'RE GOING 3 1/2% DOWN PAYMENTOF THE PURCHASE PRICE IT MAKESIT PRETTYAFFORDABLE TO GET INTO A HOME.YOU CAN GO WITH THE USDA WHICHIS UNDERFHA AND THEY END UP PAYING FORYOUR DOWN PAYMENT SO YOU CANCOME INWITH AS LITTLE AS NOTHING TO BUYHOME SO IT'S REALLY HELP SOMEFAMILIES IT'S NOT FOR EVERYBODYTHERE'S THERE'S LOTTAREQUIREMENTS BUTYOU KNOW IT'S SOMETHING TO LOOKINTOIAN RECOMMENDS..

IF YOU'RETHINKING ABOUT BUYINGIAN RECOMMENDS..

IF YOU'RETHINKING ABOUT BUYINGYOUR FIRST HOME..

THE FIRST STEPIS TO REACH OUT TO YOURLOCAL REALTOR WITH ANY QUESTIONSYOU HAVE.WE'LL POST THESE DETAILS TO OURWEBSITE TURN TO 23 DOTCOM.