10 Best And Worst Cities For First Time Homebuyers

Dated: 02/19/2017

Views: 157


10 best and worst cities for first-time homebuyers

Texas dominates top 10 list

July 20, 2015Brena Swanson1 Comment

KEYWORDSFIRST-TIME HOME BUYERSHOUSINGWALLETHUB

Dallas skyline

There are countless reasons and explanations that play into what neighborhood is best for a homebuyer. 

To help ease the process, WalletHub compiled a list of 300 U.S. cities to determine the attractiveness of their first-time homebuyer markets.

When it comes to what homebuyers should conider when choosing a neighborhood, Robert Van Order, the Oliver Carr Chair in Real Estate and Professor of Finance and Economics at The George Washington University School of Business, said:

“(It) depends on how long they expect to stay and the type of unit. If short run and, say, a condo, look to how strong sales have been and if they can resell. If more permanent, it depends on lifestyle – e.g., if looking to raise kids, first thing might be schools. Be sure to study sales of comparable housing in the area.”

WalletHub assessed the real-estate landscape within 300 U.S. cities by examining three key dimensions: housing affordability, real-estate market and living environment.

And here are the top 10 best cities for first-time homebuyers

Click to enlarge

WalletHub

Source: WalletHub

The worst 10 cities for first-time homebuyers

Click to enlarge

WalletHub

Source: WalletHub


Olga Telesin is a Colorado Realtor working with Exit Realty DTC. Whether you are buying or selling within the Denver Metro Area, please call me for expert advice and premier service in assisting you every step of the way! I have nearly 7 years of experience in Real Estate Investing and can also assist buyers in looking for fix and flips and rental opportunities. To get an expert opinion and get a Free Home Valuation, call or text Olga today at 720-365-4651. Here's your FREE Access to Exit Realty DTC Search Engine!

Blog author image

Olga Telesin

My name is Olga Telesin and I am a Colorado Realtor helping buyers and sellers around the Denver Metro areas of Colorado, including Denver, Aurora, Parker, Centennial, Highlands Ranch, Castle Rock and....

Want to Advertise on this Site?

Latest Blog Posts

Beautiful Knolls West Townhome

7106 S Knolls WayCentennial, CO 80122Knolls West Townhomes SouthGlennFantastic townhome! Clean and inviting in highly desirable location, popular Knolls West Townhome Community! Walking &

Read More

HUTCHINSON HEIGHTS Open House

Bring your rackets! You must see this large, beautifully maintained home that backs to a park with public tennis courts! Aurora's Hutchinson Heights neighborhood is centrally located,

Read More

What Is APR Or ARMS Quick Explanation

The annual percentage rate (or APR) is the amount of interest on your total loan amount that you'll pay annually (averaged over the full term of the loan). A lower APR could translate to lower

Read More

Colorado Company Providing Home Wealth Analysis

Denver-based Homebot, a web-based financial planning service tool for homeowners provides guidance on how to save money and build wealth faster with your home.  Find

Read More