Top Ten Big Cities For Homeownership

February 14, 2013

in Markets

Top Ten Big Cities For Homeownership

The nation’s home ownership rate is currently 65.4%, the lowest it has been in 16 years; however, home ownership is important to 96% of Americans, according to a poll from Prudential Real Estate. It’s a buyer’s market right now, meaning that prices and mortgage rates are low, favoring homebuyers rather than sellers. If you’re looking to buy a home, now might be the time to start looking! For city-lovers who also aspire to own their own home, NerdWallet looked through the twenty-five most populous cities to find the big cities that are most friendly to homeowners. The analysis addresses three main questions: Are homes available? Are homes affordable? Is the city likely to grow in upcoming years? Among the top 10 cities: Fort Worth, Charlotte, San Antonio, Jacksonville, Austin, Phoenix and Denver. [Read this article]

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