The Top Real Estate Markets for First-Time Homebuyers
Buying your first home can be an exciting and overwhelming prospect when determining what needs are most important in your future city or town. Luckily, we’ve rounded up the top real estate markets for first-time homebuyers that cover the spectrum.
Buying your first home can be an exciting and overwhelming prospect when determining what needs are most important in your future city or town. Luckily, we’ve rounded up the top real estate markets for first-time homebuyers that cover the spectrum from transit links to job prospects, so you can see the best of what the nation has to offer.
According to a recent report by CBS, New York remains the most walkable city in the U.S.; however, it’s also one of the most expensive to live. So perhaps you’d like to consider the number-three spot, situated a little further north. Boston is a vibrant city with oodles of history and a ton of walking tours. With good transit links and a rich culture, Boston can make a happy home.
Cost of Living
One of the most important aspects of work-life balance is getting a lot for your hard-earned money. For cost of living, Forbes singles out Birmingham, Alabama, for its low overall housing, healthcare, and food costs — as well as an average commute time that is, on average, less than 25 minutes. As the hub for some major companies, a university and research facility, Birmingham also has a lot of business opportunities on offer.
If a tropical home in Hawaii isn’t on the radar, California places a close second. With temperate weather all year, California can provide sunshine on the regular, without the hefty hurricane season that plagues much of the Eastern Seaboard. Add to that great wine and ancient forests and anywhere in California can provide the outdoor enthusiast with the weather to enjoy an active life.
According to the Bureau of Labor Statistics, North Dakota is the place to be, with three areas sitting within the top five slots for the lowest unemployment rate. Fargo, Bismarck, and Grand Forks all rank, with Fargo topping the list for lowest unemployment in the country. With it’s proximity to national landmarks such as Mount Rushmore, which is well within driving distance, and some quirky laws (don’t even think about dancing with a hat on in Fargo), North Dakota has a charm all its own.
One of the great things about a place to live is the culture and leisure activities you can find there. Business Insider recently ranked places to live based on the number of culture and recreational activities per capita — and Miami came in a strong third. With an iconic music scene, as well as a world-renowned zoo and art museum, Miami has a flavor and nightlife all its own, making it the perfect place to set up camp for the social set.
No matter where you decide to purchase, whether small town or booming metropolis, connecting with a real estate agent who is knowledgeable about the top real estate markets in your area is essential for success, particularly if you are new to the area. Whatever you choose, there is no shortage of options to fit any need or want.