Top 10 Cities with the Largest Supply of Affordable Homes for First-Time Home Buyers

“The abolishment of the redevelopment agencies by Governor Brown is the single biggest problem” for affordable housing, said William Witte, president of Related’s California division, which also is.

Housing supply remains low up and down the price scale, from a historical standpoint. But conditions are particularly tight within the lower price range. As a result of this housing market trend, first-time buyers in some U.S. cities might struggle to find a suitable "starter" home that meets their needs and falls within budget. 2.

There was a four-month supply of homes on the market in April compared to a normal six-month inventory, according to the National Association of Realtors More: Top 5 most prosperous cities in the US.

Top 10 Most Affordable Cities To Buy A Home. The Bay Area in San Francisco is a prime example. The median housing value in San Francisco exceeds $750,000; its cost of living index, 179, means that the city is about 79 percent more expensive to live in than the national average. Even with so many high-paying jobs available,

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10. Columbia – One among other upcoming markets in South Carolina (along with Beaufort), this nice little city was named 6th on the US News list of most affordable places to retire in America. This state capitol and business center of South Carolina is a market worthy of any savvy investor’s attention not only now, but also for years to come.

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Tulsa, Oklahoma. South Tulsa is known, among other things, for its churches: many of the largest churches in the city are in this part of town. Wherever new homeowners wind up, they should be able to pay an agreeable price. Tulsa rates as the seventh most affordable major U.S. city in the country.

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Oklahoma City, Oklahoma. There were only four quarters of year-over-year declines in the FHFA home price index from the beginning of 2011 to the end of 2016. Oklahoma City is also an affordable city for first-time homebuyers. In terms of its income-to-housing-costs ratio, it ranks in the top 25.

Are You Ready to Buy a House? – Take The Quiz Score 12-18: Unlikely. Today may not be your day to buy a house, but that doesn’t mean homeownership isn’t in the cards. Regardless of your personal finances, your credit score, and your budget, you can still get in touch with a loan officer and get prequalified for a mortgage. There are plenty of affordable home loan products out there,

Top 10 Cities for First-Time Home Buyers-and Not Just Because They’re Affordable By Yuqing Pan | Apr 11, 2016 OK, let’s get it right out there: It’s a seriously tough time to be trying to buy.

Top 10 Cities with the Largest Supply of Affordable Homes for First-Time Home Buyers ; Disclaimer. Opinions, estimates, forecasts and other views contained in this page are those of First American.

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