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Although problems with affordability could be relegating some 1st time buyers to the sidelines, some cities have become more accessible to millennials and 1st time buyers. Homes purchased by this demopgraphic fell to 32%, below the traditional norm of 40% for this group.
Financial website SmartAsset.com released the findings of it's 3rd annual study for best cities for 1st time buyers. Multiple factors were considered such as average price per sqft, market volitility and loan funding rate for cities with at least a 300,000 population.
With its numerous lenders and more stable housing markets, Texas had the most cities in the top 25:
Other Texas cities that made the top 25 were Dallas (12), Arlington (13), and Austin (25).