Good news for first-time homebuyers in North Texas: Dallas and Fort Worth two of the nation's best markets for nesting. According to new survey from Realtor.com, Fort Worth-Arlington lands at No. 4 and Dallas at No. 8. Pittsburgh, Tampa and Philadelphia claimed the top three slots.
To determine which housing markets are best for first-time buyers, the report examined key factors like market popularity, prices, inventory, time on market and employment.
Fort Worth boasts a median list price of $175,000, more than 8,250 homes on the market and a median listing time as 67 days. Meanwhile, Dallas has a median list price of $224,900, more than 15,500 homes on the market and a median listing time as 57 days.
"First-time buyers have a widespread impact on the local housing markets," Move Inc. CEO Steve Berkowitz said in a statement. "In transitioning from renters to owners, new buyers pay property taxes and other fees and taxes associated with homeownership that benefits local schools and services."