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With comparatively high inventory and affordable home prices, these metros are prime homebuying locations for first-time house hunters in 2023. Markets like Wichita, KS offer an inventory to buyer ratio of 22 to 1 with price reductions in 22% of all listings, Zillow reports. Housing Markets. Housing Markets.
With rising shares of home price reductions, high relative housing supply, and mortgage and rent affordability, these metros offer a starting point for budget-conscious first-time homebuyers. Already, some metros are showing promising signs of cost relief in a cooling housing market. Housing Markets. Housing Markets.
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