Zillow, a leading real estate and rental marketplace, has put out a list of the top housing markets for first-time homebuyers.
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Here are the 17 best cities for first-time homebuyers
Zillow, a leading real estate and rental marketplace, has put out a list of the top housing markets for first-time homebuyers.
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17. Riverside, CA
Breakeven Horizon 1Q 2017: 2 years, 5 months
Inventory: 14,462
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Households: 1,343,526
Annual Forecasted Home Value Appreciation: 3.8%
Share of Listings with a Price Cut: 13.4%
Source: Zillow
16. Philadelphia, PA
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Breakeven Horizon 1Q 2017: 2 years, 7 months
Inventory: 26,597
Households: 2,233,752
Annual Forecasted Home Value Appreciation: 2.3%
Share of Listings with a Price Cut: 17.3%
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Source: Zillow
15. Houston, TX
Breakeven Horizon 1Q 2017: 2 years, 4 months
Inventory: 24,960
Households: 2,292,992
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Annual Forecasted Home Value Appreciation: 1.5%
Share of Listings with a Price Cut: 17.9%
Source: Zillow
14. St. Louis, MO
Breakeven Horizon 1Q 2017: 2 years, 4 months
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Inventory: 12,373
Households: 1,108,303
Annual Forecasted Home Value Appreciation: 1.5%
Share of Listings with a Price Cut: 15.0%
Source: Zillow
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13. Kansas City, MO
Breakeven Horizon 1Q 2017: 1 year, 8 months
Inventory: 6,616
Households: 814,092
Annual Forecasted Home Value Appreciation: 2.9%
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Share of Listings with a Price Cut: 11.6%
Source: Zillow
12. Chicago, IL
Breakeven Horizon 1Q 2017: 2 years, 3 months
Inventory: 37,367
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Households: 3,470,993
Annual Forecasted Home Value Appreciation: 2.6%
Share of Listings with a Price Cut: 16.7%
Source: Zillow
11. Cincinnati, OH
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Breakeven Horizon 1Q 2017: 1 year, 9 months
Inventory: 6,160
Households: 832,607
Annual Forecasted Home Value Appreciation: 2.7%
Share of Listings with a Price Cut: 14.2%
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Source: Zillow
10. Cleveland, OH
Breakeven Horizon 1Q 2017: 1 year, 11 months
Inventory: 10,045
Households: 849,475
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Annual Forecasted Home Value Appreciation: 1.8%
Share of Listings with a Price Cut: 14.1%
Source: Zillow
9. Dallas-Fort Worth, TX
Breakeven Horizon 1Q 2017: 1 year, 8 months
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Inventory: 16,331
Households: 2,479,995
Annual Forecasted Home Value Appreciation: 4.4%
Share of Listings with a Price Cut: 13.7%
Source: Zillow
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8. Detroit, MI
Breakeven Horizon 1Q 2017: 1 year, 7 months
Inventory: 13,919
Households: 1,674,251
Annual Forecasted Home Value Appreciation: 3.2%
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Share of Listings with a Price Cut: 12.7%
Source: Zillow
7. Atlanta, GA
Breakeven Horizon 1Q 2017: 1 year, 9 months
Inventory: 28,888
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Households: 2,028,705
Annual Forecasted Home Value Appreciation: 3.1%
Share of Listings with a Price Cut: 12.4%
Source: Zillow
6. Pittsburgh, PA
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Breakeven Horizon 1Q 2017: 1 year, 11 months
Inventory: 10,830
Households: 990,355
Annual Forecasted Home Value Appreciation: 2.5%
Share of Listings with a Price Cut: 14.9%
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Source: Zillow
5. San Antonio, TX
Breakeven Horizon 1Q 2017: 1 year, 11 months
Inventory: 7,444
Households: 791,273
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Annual Forecasted Home Value Appreciation: 3.0%
Share of Listings with a Price Cut: 17.2%
Source: Zillow
4. Las Vegas, NV
Breakeven Horizon 1Q 2017: 2 years, 1 month
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Inventory: 13,012
Households: 740,966
Annual Forecasted Home Value Appreciation: 4.8%
Share of Listings with a Price Cut: 12.0%
Source: Zillow
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3. Indianapolis, IN
Breakeven Horizon 1Q 2017: 1 year, 6 months
Inventory: 7,706
Households: 755,100
Annual Forecasted Home Value Appreciation: 3.0%
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Share of Listings with a Price Cut: 13.1%
Source: Zillow
2. Tampa, FL
Breakeven Horizon 1Q 2017: 1 year, 10 months
Inventory: 14,998
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Households: 1,166,704
Annual Forecasted Home Value Appreciation: 3.2%
Share of Listings with a Price Cut: 18.8%
Source: Zillow
1. Orlando, FL
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Breakeven Horizon 1Q 2017: 1 year, 11 months
Inventory: 10,344
Households: 845,295
Annual Forecasted Home Value Appreciation: 3.8%
Share of Listings with a Price Cut: 17.4%
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Source: Zillow
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