Realtor.com says that with now that mortgage rates are falling and the number of homes for sale has begun to rise, many would-be buyers are ready to jump back into the market. To that end, their economics team put pent to paper to identify the 10 top markets for first-time buyers in 2024. They say these towns offer more homes for sale at price ranges that many cash-constrained, first-time buyers can afford as well as plenty of job opportunities, short commutes and lots of things to do.
“We picked these markets for their affordability and availability of listings. This makes them ideal areas for first-time homebuyers trying to break into the housing market…Furthermore, we look for areas that already have not just a lot of young people, but a lot of younger homeowners—suggesting that these are areas where younger shoppers can have success in the housing market.” Said Realtor.com Chief Economist Danielle Hale.
Realtor.com’s top 10 cities for first time homebuyers are:
- Irondequoit, NY
- Benton, AR
- Winterset, IA
- Newington, CT
- Council Bluffs, IA
- Cheektowaga, NY
- Grand Rapids, MI
- Moore, OK
- Mattydale, NY
- Riviera Beach, MD
Click here to read the full report at Realtor.com.
