Grand Rapids ranked No. 4 in best cities for first-time home buyers

Those looking to squeeze a home for a initial time would be correct to cruise Grand Rapids, Mich.

That’s formed on information from a Wallethub study, that ranked Beer City USA as a 4th best city in America for first-time homebuyers.

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Released on Jul 9, a investigate examined compared 300 cities of varying sizes opposite 27 pivotal indicators including marketplace attractiveness, affordability, peculiarity of life, genuine estate taxes and property-crime rate.

Grand Rapids, that was named a 3rd best city for first-time home buyers by Lending Tree in 2018, was buoyed by a real-estate marketplace arrange of 14 in a Wallethub study.

That difficulty examines several metrics including series of homes sole in a year, genuine estate agents per capita, homeownership rate of millennials and building assent activity.

Grand Rapids was also ranked 39th in affordability and 116th in peculiarity of life. It is also remarkable for carrying one of a top median home cost appreciation, as is Dearborn.

Tampa, Fla., Overland Park, Kan., and Thornton, Colo., were a usually cities ranked forward of Grand Rapids.

Flint and Lansing are remarkable in a investigate as carrying among a lowest costs of vital in a United States.

Detroit has one of a top genuine estate taxation rates, according to a study, and Sterling Heights has one of a lowest skill crime rates in America.


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Article source: http://www.nationalmortgagenews.com/articles/grand-rapids-ranked-no-4-in-best-cities-for-first-time-home-buyers

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