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metros are home to skyrocketing prices and waning housing inventory, while others offer first-time buyers an affordable entrance into the for-sale market. Ultimately, 75 of the 100 cities included in the report did not pass muster, requiring more than 30 percent of income to afford a home. Fri, 12/16/2022 - 09:43. Some major U.S.
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. Thu, 12/15/2022 - 10:15.
Wichita, KS tops Zillow’s list of the best markets for first-timers with a 22 to 1 inventory to buyer ratio and price reductions in 22% of regional listings. Following closely behind is Toledo, OH, where the typical rent payment accounts for an average 29% of tenants’ income and 23% of listings are currently seeing price cuts. .
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