Affordable Suburbs Top List of Best Markets for First-Time Homebuyers
• Study ranks best US markets for first-time home buyers age 25-34 based on affordability, jobs, culture, etc.
• Top 10 markets have median home prices below $300k, 4 below $200k; 6 have above average inventory
• Top locales are affordable suburbs/satellites of major metro areas
• Irondequoit, NY ranked #1; Benton, AR #2; Winterset, IA #3
• Despite low mortgage apps and sales, 65% of 2023 approvals from LendingTree were for first-time buyers