100 Most Influential Real Estate Leaders
Each year, Inman News recognizes real estate industry leaders whose ingenuity, strength, conviction, power and persistence are driving change.
The Inman 100 Most Influential Real Estate Leaders report seeks to include not only thought leaders, power brokers and deal makers, but entrepreneurs from outside the industry whose ideas are influencing the way homes are bought and sold.
10 Prime Real Estate Markets for First-Time Buyers
As a group, first-time homebuyers are a bellwether of the real estate industry and the economy as a whole.
"What helps a first-time homebuyer is having a job and a good income to buy a home -- having hope for the future," said Mark Fleming, chief economist for data aggregator CoreLogic.
In order to identify 10 markets that are likely to have a higher-than-average share of first-time buyers, Inman News requested data from the U.S. Department of Housing and Urban Development (HUD) on first-time homebuyers with loans backed by the Federal Housing Administration (FHA).
The following are the 10 most popular areas in the U.S. for these first-time buyers. Four of the markets are in California's Central Valley, three are in the South, two are divisions of the Philadelphia-Camden-Wilmington metropolitan area in the Northeast, and one is in the Midwest.