Hometown Housing Glory

Best cities for first-time homebuyers? They're in North Texas, of course

Best cities for first-time homebuyers? They're in North Texas

Happy first time home buyers
First-time homebuyers have plenty to smile about in North Texas. Photo via duol.hu

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."