Real Estate

It’s tough being a first-time homebuyer

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A new Bankrate ranking found the Austin, Texas, metro area is the best for first-time home purchasers.

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Prospective buyers looking to secure the purchase of their first home this spring will still face a difficult market.

Yet there are signs some areas of the country may provide more opportunity for prospective owners shopping for their first piece of real estate. A new Bankrate ranking found the Austin, Texas, metro area is the best for first-time purchasers, while the worst is Washington, D.C.

The ranking of 50 metropolitan areas was based on affordability, which was given a 40% weight; job market, 30%; market tightness, 15%; and wellness and…



Source cnbc.com

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