10 Best Housing Markets for Millennials
The share of first-time home buyers plunged to the lowest point in nearly three decades in 2015, according to the National Association of REALTORS®. First-time buyers comprised 32 percent of all home buyers last year.
Read more: Young Buyers Face Investor Competition
But first-time buyers aren’t shrinking in numbers in all locations. Realtor.com® recently identified the markets that are most attractive to real estate’s newcomers in the 25-to-34-age group. The team analyzed the 100 largest metros and then factored in affordability, inventory levels, job growth, mortgage availability, and livability with schools, retail, and entertainment.
Here are the top 10 markets that made its list as the best for first-time home buyers:
Source: “Top 10 Cities for First-Time Home Buyers—and Not Just Because They’re Affordable,” realtor.com® (April 11, 2016)
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