Shutterstock / Sean Pavone
Three Texas metros — Austin, San Antonio and DFW — ranked among the many high 10 spots for first-time homebuyers.
For the second consecutive yr, the San Antonio-New Braunfels metro ranks among the many finest spots for first-time homebuyers, in line with a research revealed this month by Creditnews Analysis.
The San Antonio metro ranked because the No. 3 finest metro for first-time dwelling consumers, simply behind the Austin-Spherical Rock metro, which took the No. 2 spot.
Creditnews Analysis ranked the nation’s largest 50 metro areas utilizing 5 metrics: mortgage affordability, market entry, bargaining energy, employment development and livability.
“Whereas there could also be smaller cities that supply cheaper housing, bigger metropolitan areas are much less more likely to supply the mix of employment alternatives, labor market tightness, and housing inventory,” the report states.
10 Finest Cities for First-Time Residence Patrons, in line with Creditnews Analysis:
Pittsburgh, PA
Austin-Spherical Rock, TX
San Antonio-New Braunfels, TX
Birmingham-Hoover, AL
Jacksonville, FL
New Orleans-Matairie, LA
Miami-Fort Lauderdale-West Palm Seashore, FL
Dallas-Fort Value-Arlington, TX
Cleveland-Elyria, OH10. Raleigh, NC
With the median value of a house sitting at $255,000, the Pittsburg metro took the highest spot because the nation’s finest metropolis for first-time homebuyers. The Dallas-Fort Value metroplex was the one Texas metro aside from San Antonio and Austin to crack the highest 10.
In the meantime, the worst metros for first-time homebuyers are predominantly present in California, with San Jose taking the No. 1 spot, the research stated.
Subscribe to SA Present newsletters.
Comply with us: Apple Information | Google Information | NewsBreak | Reddit | Instagram | Fb | Twitter| Or join our RSS Feed
