Wednesday, December 18, 2019

Survey This is the best city for buying your first house in 2018

Survey This is the best city for buying your first house in 2018Survey This is the best city for buying your first house in 2018Buying a first home can be an exciting milestone in ones life. It can also be very stressful and scary.WalletHubanalyzed 300 American cities in terms of real-estate market, affordability and quality of life and then broke down those factors further in terms of 27 other metrics and used data from the U.S. Census Bureau, before eventually giving each city a total score of 100.And the winner is Broken Arrow, Okla. cameout on top as the best city topurchaseyour first home in 2018.Here are the 10 best cities to buy your first houseHeres the breakdown1) Broken Arrow, OK (total score 67.09)2) Tampa, FL (total score 65.79)3) Centennial, CO (total score 64.74)4) Boise, ID (total score 64.69)5) Grand Rapids, MI (total score 64.65)6) Thornton, CO (total score 64.49)7) Frisco, TX (total score 64.26)8) McKinney, TX (total score 64. 26)9) Cary, NC (total score 64.03)10) G ilbert, AZ (total score 63.98)The city of Berkeley, CA (300) rounded out the bottom of the total list with a total score of 35.96.The research also ranked each city in terms of size - large, midsize and smallTampa, FL was the 1 large city (65.79), Boise, ID was the 1 midsize (64.69) and Broken Arrow, OK was the 1 small city (67.09).How the cities compare to each otherYoull notice that all of the least affordable housing options on the list are located in California.When buying your first home, look for an area with these featuresSriram Villupuram, an associate professor of finance and real estate at the University of Texas at Arlington, told the site about what people purchasing their first homes should seek in a location.Liquidity. First-time home buyers tend to be young and are eventually going to upgrade to a larger home. Therefore they should be able to sell their home with ease in the near or distant future. Neighborhoods with a well-rated school district would be a good place to start, he told WalletHub.Whatever you do, choose your first home wisely.

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