First-time homebuyers looking to avoid the higher prices and tense competition of expensive housing markets can find better options and more growth potential in more affordable areas. A new study shows many top choices are in Texas.
First-time homebuyers already have to scale multiple entry barriers to homeownership, especially in the current economic environment. In an effort to identify the best areas for first-time homebuyers, SmartAsset recently conducted a study of 185 metropolitan areas, examining factors like affordability, growth forecast, population age, and competition. The study examined Zillow data from May and June 2023.
