10 Best Markets for Latest Home Buyers in 2023

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For first-time homebuyers who were pushed out of the market the last two years by surging prices and fierce competition, the brand new 12 months may finally deliver the break they should make a purchase order.

Though rising rates of interest could have cooled price appreciation down and increased inventory currently affordability will still be an obstacle for brand spanking new buyers, in keeping with economists from the true estate marketplace Realtor.com. In order that they’ll must house-hunt fastidiously.

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What experts say

Flexibility on location will still be crucial for those seeking to settle into their dream homes this 12 months. But that doesn’t mean having to compromise on quality of life, in keeping with Realtor.com’s latest predictions for 2023’s best markets for first-time homebuyers.

“There are markets where young buyers can find not only a comparatively reasonably priced home, but a neighborhood that provides a mixture of economic opportunity and lifestyle amenities,” Realtor.com Chief Economist Danielle Hale said in a news release.

Where to look

Realtor.com generated its rating of this 12 months’s 10 best markets by taking a look at aspects like population size, home sale inventory, local median listing prices, lifestyle amenities and job markets. Geared toward younger buyers, the locations that made the rating offer loads of foods and drinks options, affordability, shorter commutes and powerful housing markets so buyers can get essentially the most out of their investment.

These are the ten best housing markets for first-time home buyers in 2023: