A first-time home buyer’s priorities aren’t much different than any other buyer. After all, what home buyer isn’t looking for a good house in an affordable area that will see a great return on investment? That could describe just about everyone looking for a home to buy.
But while we’re all mostly searching for the same things, first-time buyers do face some unique challenges, especially when home prices and mortgage rates are high. That’s why the National Association of Realtors’ consumer website compiled a list of the best markets for young buyers. Not all markets are the same and some offer better deals on houses in locations that are both near needed amenities and job opportunities but also are a fit for growing families.
Where are they? Well, according to the analysis, six of the top 10 best markets for first-time buyers are in the South, with half of those in the state of Florida. The Mid-Atlantic also fares well, with Harrisburg, Penn landing the top spot and Rochester and Tonawanda, NY making the top 10.
[Source: PR Newswire]
