The Best Market for First-time Homebuyers Is … – NMP Skip to main content

The Best Market for First-time Homebuyers Is …

Phil Hall
Mar 07, 2018
Newcomers to the housing market have their best chances to find affordable homeownership in the Sunshine State or Lone Star State, according to new data from Zillow

Newcomers to the housing market have their best chances to find affordable homeownership in the Sunshine State or Lone Star State, according to new data from Zillow.
 
In a ranking of the 35 largest U.S. housing markets based on where first-time buyers have the best chance to find an affordable home with little buyer competition and strong forecasted home value appreciation, Florida and Texas made up half of the top 10 markets. Tampa was rated as the best market in this study, followed by Indianapolis, Houston, Orlando, San Antonio, St. Louis, Philadelphia, Atlanta, Las Vegas and Dallas.
 
"More and more Millennials are reaching the point in their lives where they are ready to buy a home, but they are entering a highly competitive housing market that has been plagued by low inventory, especially among entry-level homes," said Zillow Senior Economist Aaron Terrazas. "Southeastern markets will be easiest for new buyers, where homes are more affordable and there's less competition. People planning to buy for the first time in some of the tougher markets should be prepared to face a more competitive environment, but that doesn't mean they should count out buying entirely."

 
Published
Mar 07, 2018
Homeward Lays Off 20% Of Staff

Alternative real estate financing company cut about 120 jobs.

Industry News
Aug 12, 2022
Lone Peak Lending Joins Panorama Mortgage Group

Names Donovan Stamps as president.

Industry News
Aug 11, 2022
Fairway Independent Mortgage Hires Former PrimeLending President

Firm says Scott Bristol is part of aggressive originator expansion.

Career
Aug 11, 2022
Mortgage Rates Jump Back Above 5%

Freddie Mac says rates recent volatility continues.

Industry News
Aug 11, 2022
Redfin: Share Of Relocating Buyers At All-Time High In July

People are looking for less expensive and better lifestyles.

Industry News
Aug 11, 2022
Redfin Expands iBuying Business To Florida

RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.

Tech
Aug 11, 2022