Pittsburgh has made yet another list. This time, first-time home buyers benefit from all Pittsburgh has to offer.
SmartAsset set out to find the best cities for first-time homebuyers and pulled data for every U.S. city with at least 300,000 residents. They ranked each city across seven factors, which included metrics such as the total number of mortgage lenders, value per square foot, market volatility, and loan funding rate.
SmartAsset set out to find the best cities for first-time homebuyers and pulled data for every U.S. city with at least 300,000 residents. They ranked each city across seven factors, which included metrics such as the total number of mortgage lenders, value per square foot, market volatility, and loan funding rate.
SmartAsset concluded that Pittsburgh is the number one city for first-time homebuyers because conventional mortgage loans have become more accessible in Pittsburgh. The city's loan funding rate increased by 36% in the past year and there have been zero year-over-year declines in the FHFA home price index since the first quarter of 2011.
The value per square foot in Pittsburgh was found to be $82.08, which was the ninth-lowest value in SmartAsset's study.
The value per square foot in Pittsburgh was found to be $82.08, which was the ninth-lowest value in SmartAsset's study.
If you're looking to buy your first home in or around the Pittsburgh area, get in touch with us! Our PA licensed real estate agents would be honored to help you find your first home!
