First-time buyers are facing challenges in the housing market due to a shortage of affordable inventory, stagnant incomes, and tight lending standards. But REALTOR.com has compiled a list of the best markets for first-time home buyers based on median listing price, inventory, unemployment rate and the age of inventory. To see more about each of these, go to Bankrate’s story about this.
- Pittsburgh Median listing price: $135,000
- Tampa-St. Petersburg, Fla. Median listing price: $169,900
- Philadelphia suburbs in N. J. Median listing price: $174,900
- Fort Worth-Arlington, TX. Median listing price: $175,000
- Orlando, Fla. Median listing price: $191,900
- Jacksonville, Fla. Median listing price: $198,000
- Philadelphia and suburbs in PA. Median listing price: $219,000
- Dallas Median listing price: $224,900
- Raleigh-Durham-Chapel Hill, N.C. Median listing price: $227,500
- Phoenix-Mesa, AZ. Median listing price: $244,900
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