Boise ranked No. 5 in the nation for first-time homebuyers. In this market, really?
For anyone who has tried to buy a home in
From January through May, only 600 homes throughout
"There's no houses out there at that price," Turner said.
Best cities for first-time homebuyers
WalletHub ranked Boise No. 3 among midsized cities -- those with 150,000 to 300,000 residents -- and No. 5 overall.
Affordability included the cost of homeowners insurance and the cost of living. The real estate market included rent-to-price ratio, median-price appreciation, the share of mortgage holders with negative equity and median home-price appreciation. Quality of life looked at quality of schools, job market, recreational opportunities, weather and driver-friendliness, among others.
"The main thing that made
The
In May, the median price of a single-family home in
WalletHub's survey was based on 2018 data and took into account housing affordability, spokeswoman
Against that backdrop, home ownership in the
And rental prices are no bargain.
Corporate landlords have snapped up an increasing number of homes that previously might have gone to first-time buyers.
Despite the tight market,
"A two-bedroom home with one bathroom and 900 square feet may be all they can find," Gehrke said. "They should view that as a stepping stone for the house they ultimately buy which might be available in five years."
Nationally, 2018 was the best year for first-time buyers since 2006, according to a study by
"First-time homebuyers played a key role in reshaping the demographics of many states with a significant shift in homeowner population out of states such as
In the WalletHub ranking of midsized cities, cities that
On the midsized list,
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