Despite the high list prices in Santa Monica, first-time buyers are undeterred as they continue to enter the housing market with the help of family contributions towards their down payments. This trend reflects the perseverance and determination of new homebuyers in the face of rising property values in the sought-after beachside city.
Key points from the text:
– Santa Monica has high list prices for homes
– First-time buyers are remaining active in the market
– Many first-time buyers are receiving financial assistance from family members for their down payments
– This demonstrates the willingness of new homebuyers to overcome financial obstacles in pursuit of their homeownership dreams
You can read this full article at: https://www.housingwire.com/articles/santa-monica-an-unexpected-haven-for-first-time-buyers/(subscription required)
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