The plight of first-time homebuyers cut off from the path to homeownership by high home prices and high interest rates is well known. However, 10 cities, primarily in the Mid-Atlantic and Florida, offer opportunities to take that first step because they are affordable, have listing prices below the national median, healthy economies, and many of the amenities young families desire.
A new report by Realtor.com on the 10 best markets for first-time homebuyers in 2025 offers hope. It follows a disastrous year in 2024, which saw historically low activity by this group, which the report said accounted for only 24% of successful homebuyers. This year is expected to be better as more houses come onto the market, even though purchasers will likely have to make trade-offs in their dream requirements to strike a deal.
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