This is America's best city for first-time homebuyers
CBSN
With the dream of buying a home increasingly out of reach for many Americans, aspiring property owners may want to consider Pittsburgh. The Pennsylvania city is the best metro area in the country for first-time buyers, according to a new study.
The Steel City offers a healthy mix of affordable housing and good neighborhoods, with a steady flow of properties coming onto the market, Bankrate found. The personal finance website examined the nation's 50 largest metro areas and ranked their attractiveness for first-time homebuyers based on 11 different metrics, including access to cultural centers and the local job market.
The median home price in Pittsburgh in the first quarter of 2022 was $169,000, according to ATTOM Data Solutions, compared with the national median of $320,500. And those lower prices have become very attractive in today's competitive housing market, one Pittsburgh realtor told CBS MoneyWatch.
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