Houston Ranks as a Top City for 1st Time Buyers
Posted by James Layfield
Visit My Blog
Sign in or sign up to leave a comment
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:
- Pittsburgh, PA
- Oklahoma City, OK
- Omaha, NE
- Indianapolis, IN
- Tulsa, OK
- San Antonio, TX
- Houston,TX
- Colorado Springs, CO
- Fort Worth, TX
- Louisville, KY
- Wichita,KN
Other Texas cities that made the top 25 were Dallas (12), Arlington (13), and Austin (25).
If you enjoyed this post, please consider sharing it with others.
Sign in or sign up to leave a comment
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
Advertisement
James Layfield’s Blog Archive
Advertisement
Saved
