Here are the top 10 cities for first-time homebuyers this year
Looking to buy in 2016?
To say America has options is an understatement. One trip to the grocery store, movie theatre and shopping mall can easily prove this.
So why would the housing market be any different?
While there are outrageous places, like San Francisco, where the typical millennial can only afford to buy 135 square feet of housing, this is definitely not a universal price across the country.
There are attractive and affordable places in America that are more feasible for first-time homebuyers, as seen in this handy infographic from The Money Source.
The national correspondent loan company analyzed its database of over 70,000 loan applications, and paired their findings with city data to identify 10 attractive cities that are affordable to first-time homebuyers. Factors like low unemployment rate and national accolades were taken into consideration.
Here are the top ten cities that it came up with.
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(Source: The Money Source)