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Written by Jaclyn DeJohn | Stacker
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A home purchase can serve as a building block for the homeowner’s financial life – and the circumstances of the local market can make or break the deal. First-time homebuyers may look for a less competitive market to have a better chance of getting a realistic offer accepted. They also need affordability, to position themselves to grow their equity and a community within which to build a network.
To determine the best markets for first-time homebuyers, SmartAsset ranked 185 metro areas based on metrics measuring affordability, growth potential, competition, and demographics.