The Top 10 Cities for First-Time Buyers in 2020
According to a new survey by Realtor.com, homebuying timelines have accelerated due to COVID-19. The combination of low mortgage rates and more savings (accumulated during stay-at-home periods), has created a wave of demand among potential buyers.
However, which cities offer the best prospects for first-time homebuyers? SmartAsset compared 185 of the largest cities in America on 12 key metrics, including affordability, employment, and livability. According to the analysis, here are the top 10 cities for first-time buyers in 2020:
Grand Rapids, Mich.
Virginia Beach, Va.
Fort Wayne, Ind.
St. Petersburg, Fla.
Sioux Falls, S.D.