{"id":20576,"date":"2024-01-12T17:22:27","date_gmt":"2024-01-12T11:52:27","guid":{"rendered":"https:\/\/farratanews.online\/best-places-for-firsttime-homebuyers\/"},"modified":"2024-01-12T17:22:27","modified_gmt":"2024-01-12T11:52:27","slug":"best-places-for-firsttime-homebuyers","status":"publish","type":"post","link":"https:\/\/farratanews.online\/best-places-for-firsttime-homebuyers\/","title":{"rendered":"best places for firsttime homebuyers"},"content":{"rendered":"

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Pulte Capital CEO Bill Pulte argues home prices in the new year won’t be going down significantly.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Realtor.com published a report on Thursday detailing the cities expected to be best-suited for those looking to purchase their first home, all of which boasted median listing prices significantly below the national median.\u00a0<\/p>\n

For 2024, Irondequoit in western New York is number one for first-time homebuyers, according to the online real estate marketplace\u2019s projections.<\/p>\n

Realtor.com weighed affordability, inventory, job opportunities, surrounding metro area home sales and price growth, and commutes when formulating its top-10 list. It also factored in the presence of lifestyle businesses and the share of young homeowners.\u00a0<\/p>\n

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Home purchase activity has decreased for the fourth week in a row.<\/span> (Jeremy Erickson\/Bloomberg via Getty Images \/ Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n

Homes in Irondequoit, a suburb of Rochester, are listed with a median price of $187,000, according to the Realtor.com report. In contrast, houses in the U.S. overall posted a median $382,230 price.<\/p>\n

THESE HOUSING MARKETS ARE EXPECTED TO SEE DOUBLE DIGIT SALES GROWTH IN 2024<\/strong><\/p>\n

In a separate December report that Realtor.com released, projections said Rochester would have the third-best sales growth in the American housing markets, as previously reported by FOX Business.<\/p>\n

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A curious family facing a “For Sale” sign.<\/span> (iStock \/ iStock)<\/span><\/p>\n<\/div>\n<\/div>\n

While Realtor.com did look at more than 2,700 cities across the country, only Irondequoit and nine other places landed among its top-10 for first-time homebuyers. They were:\u00a0<\/p>\n

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  • Irondequoit, New York<\/li>\n
  • Benton, Arkansas<\/li>\n
  • Winterset, Iowa<\/li>\n
  • Newington, Connecticut<\/li>\n
  • Council Bluffs, Iowa<\/li>\n
  • Cheektowaga, New York<\/li>\n
  • Grand Rapids, Michigan<\/li>\n
  • Moore, Oklahoma<\/li>\n
  • Mattydale, New York<\/li>\n
  • Riviera Beach, Maryland<\/li>\n<\/ul>\n

    Among the 10 top places for 2024, Benton, Arkansas, was the sole one that “ranked as good as or better than the average city\/town” for all factors, Realtor.com noted.<\/p>\n

    The latest ranking comes after Portsmouth, Virginia, received the top-spot last year and Magna, Utah, got it in 2022.<\/p>\n

    BUFFALO’S HOUSING MARKET WILL BE THE HOTTEST IN 2024, ZILLOW SAYS<\/strong><\/p>\n

    “Buying a first home can be a daunting task. Couple high interest rates with historically low inventory of homes available for sale in 2023 and hopeful buyers have faced a particularly challenging market. While affordability will remain an issue in 2024, a recent Realtor.com survey showed that 95% of prospective first-time homebuyers overwhelmingly feel that they’ll be able to afford a home within their lifetime, with 40% saying they’ll be able to afford it within the next year,” Realtor.com\u2019s Danielle Hale said in a press release.<\/p>\n

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    Real estate auctions can be a great way to get a good deal on a home, but there are risks to consider.<\/span> (iStock)<\/span><\/p>\n<\/div>\n<\/div>\n

    Redfin on Thursday counted a total of over 775,400 active listings for homes across the U.S. for the four-week period ending Jan. 7. There were nearly 44,700 new listings.\u00a0<\/p>\n

    MORTGAGE RATES RISE FOR SECOND CONSECUTIVE WEEK<\/strong><\/p>\n

    The 30-year fixed mortgage rate reached 6.66% on average this week, according to Freddie Mac. It marked a 0.04% increase week-over-week.<\/p>\n<\/div>\n[ad_2]\n","protected":false},"excerpt":{"rendered":"

    [ad_1] Pulte Capital CEO Bill Pulte argues home prices in the new year won’t be going down significantly. Realtor.com published a report on Thursday detailing the cities expected to be best-suited for those looking to purchase their first home, all of which boasted median listing prices significantly below the national median.\u00a0 For 2024, Irondequoit in …<\/p>\n","protected":false},"author":1,"featured_media":20578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/20576"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=20576"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/20576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/20578"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=20576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=20576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=20576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}