Irondequoit Tops 2024 Best Markets for First-Time Home Buyers
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Irondequoit, New York topped the list of best housing markets for first-time home buyers in 2024 due to affordability, expected home price growth, and location near Rochester.
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Inventory is extremely low in Irondequoit and Rochester, with 11.5% fewer homes for sale compared to last year.
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Other top markets for first-time buyers are Benton, Arkansas; Winterset, Iowa; and Newington, Connecticut due to affordable housing.
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Smaller real estate markets are expected to be more popular for buyers in 2024 as competition rises in big cities.
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40% of prospective first-time buyers feel they'll be able to afford a home within the next year despite affordability issues.