Here are the 17 best cities for first-time homebuyers by Raul Hernandez on May 12, 2017, 12:01 PM  Zillow, a leading real estate and rental marketplace, has put out a list of the top housing markets for first-time homebuyers.
"These markets have more favorable conditions for first-time buyers to become homeowners. More challenging metros aren't out of reach for new buyers, but they should be prepared to face a more competitive buying environment," said Zillow Chief Economist Dr. Svenja Gudell. The rankings are based on Zillow Real Estate Research's housing data and research covering more than 450 markets. Here's the list of first-time homebuyers' best housing markets: SEE ALSO: Here's how big a home you can buy for $400,000 in the 25 biggest cities in America 17. Riverside, CA  Breakeven Horizon 1Q 2017: 2 years, 5 months Inventory: 14,462 Households: 1,343,526 Annual Forecasted Home Value Appreciation: 3.8% Share of Listings with a Price Cut: 13.4% Source: Zillow
16. Philadelphia, PA  Breakeven Horizon 1Q 2017: 2 years, 7 months Inventory: 26,597 Households: 2,233,752 Annual Forecasted Home Value Appreciation: 2.3% Share of Listings with a Price Cut: 17.3% Source: Zillow
15. Houston, TX  Breakeven Horizon 1Q 2017: 2 years, 4 months Inventory: 24,960 Households: 2,292,992 Annual Forecasted Home Value Appreciation: 1.5% Share of Listings with a Price Cut: 17.9% Source: Zillow
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