Realtor.com releases a list of the best markets for first-time homebuyers in 2025, considering affordability, local economies, family-friendliness, and return on investment. The report anticipates a more active market with increased inventory, giving buyers more negotiating power. Zillow predicts a similar trend with modest home value growth in 2025.
Buying a home for the first time is an important milestone and a decision that should not be taken lightly. Choosing a location that perfectly matches where a homebuyer envisions building their life is daunting on its own, so Realtor.com decided to put together a list of the best markets for first-time home buyers for 2025. "The places highlighted offer opportunities for first timers in terms of the cost of housing, availability of homes for sale, and quality of the location.
"Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became. More inventory should shake loose in 2025, giving buyers a bit more room to breathe," Skylar Olsen, Zillow’s chief economist, said in a statement.The average long-term U.S. mortgage rate ticked up again last week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. It was at 6.
FIRST-TIME HOMEBUYERS HOUSING MARKET AFFORDABILITY INVENTORY INVESTMENT
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