What are the best cities for first-time homebuyers? That’s the question that SmartAsset set out to discover in their third annual study of the best cities for first-time homebuyers. They analyzed data from every city in America (with at least 300k residents) and then ranked them according to several factors including market volatility, value per square foot, the number of mortgage lenders, and even how long people stay in their homes (stability). Why top 11 and not top 10 in our graphic? Because Louisville and Wichita are tied.
“Homeownership remains a distant dream for many Americans, particularly millennials. But in some cities, homes are more affordable and mortgages are more accessible to first-time buyers.”
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