ALEX just published analysis and a summary of Zillow‘s “10 Best Markets For First-Time Home Buyers in 2024.” San Antonio ranked #2 in Texas and #7 in the US.
Zillow’s Consumer Housing Trends Report reveals first-time home buyers accounted for half of all purchases last year. Zillow identifies 2024’s best markets for first-time buyers, emphasizing affordability, availability, and competition levels. Metrics include rent affordability, mortgage affordability, inventory ratios, and the concentration of households aged 29-43.
ZILLOW’S CRITERIA
Zillow’s 2024 list of the best markets for first-time buyers is based on four metrics:
- Rent affordability, as defined by the share of median household income spent on rent.
- The share of available inventory on Zillow that the median household can comfortably afford, meaning spending no more than 30% of income on the estimated monthly mortgage cost.
- The ratio of affordable for-sale inventory to renter households. More inventory per renter household is an indicator of less competition for each listing.
- The share of households age 29-43. More households of similar age means a higher score in Zillow’s ranking.
This is NOT a large number of agents game for us. We will accept up to 50 agents and/or brokers in the Greater San Antonio area. Apply now.
Loading…Why the Top 2% of Zillow Globally is Important
It’s the same if you are a buyer, seller, agent or associate broker.
Zillow is the only unbiased source for real estate reviews. It is driven by a range of quantitative metrics focused on service, satisfaction and results. Work with the best.
ALEX knows more about the Greater San Antonio area than just about anybody.
Want to know more about ALEX or ALEX Partner positions? I am always here. Just call, text or email me.
Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate
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