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Dallas & Ft. Worth Make 10 Best Markets For First-Time Home Buyers

Dallas First Time Home Buyers

Potential home buyers looking to purchase their first home in the Flower Mound or Dallas area will be excited about a recent report released by Realtor.com. Dallas and Fort Worth-Arlington are among the top 10 best markets for first-time home buyers according to a study, based on several key factors which include price, market popularity, time on market, inventory, and unemployment rates.

According to CEO of Move Inc. Steve Berkowitz, the top 10 markets show favorable conditions for those who are considering the purchase of their first homes – and with home-buying season nearly upon us, he believes this is encouraging news. While you may not know it, local housing markets are greatly impacted by first-time buyers, as local schools and services benefit from the fees and taxes (such as property taxes) paid by those who transition from renting an apartment or home to owning their own homes.

In ranking the top 10 markets, the criteria used included location, markets with steady employment, adequate inventory, affordability, and how long homes remained on the market. Other than Dallas and Fort Worth-Arlington, other cities which made the top 10 include Pittsburgh, Philadelphia, Orlando, Phoenix (Mesa), Raleigh-Durham (Chapel Hill), Jacksonville, and Tampa (St. Petersburg, Clearwater).

For potential homeowners looking to purchase a home in Flower Mound, Frisco, Denton, or other cities near Dallas, the most important factors are likely location, affordable housing, and steady employment. Steady employment is critical as most new homeowners need a market that supports their jobs – important for paying the mortgage! Location is a key factor as well, as first-time home buyers often eventually move to a larger home as their incomes or families grow, so moving into a popular city/community makes selling your first home easier and more profitable.

It seems that if you’re thinking about purchasing a home in Dallas or outlying areas, you’re making a smart move!

At Team Nelson, our Flower Mound real estate professionals are dedicated to helping make the process of buying your first home as seamless and stress-free as possible. Give us a call today!

What People Are Saying

  • Bill and his team made our selling and buying process so easy AND they saved us $8000. Thank you Team Nelson!

    Stacey Thompson Avatar
    Stacey Thompson
    12/11/2018

    Your Home Free LLC, - Team Nelson, is just a great group to work with! This is the 3rd home we have listed and sold with them. If we ever decide to sell our current home we will use them again! The incentive to buy your home through them and they sell yours for free, saves you thousands of...

    dzbates Avatar
    dzbates
    9/24/2018

    Everything about Team Nelson was more than I expected. Each member of the team is professional, quickly responsive and very knowledgeable. I know they were actively working every day (literally) to sell my home. They have a vision and they are super focused. Communication between the team members...

    Jeanniej Avatar
    Jeanniej
    8/21/2015
  • The Nelson Team was amazing! Very professional and honest. Our agent Casey Briner got our house sold in 3 days. Then helped us find a rental house until our new home was completed. She was there for us in a heartbeat when anything went wrong. The entire selling, renting, building and then...

    bakercathleen Avatar
    bakercathleen
    7/22/2015

    We were extremely happy with our recent experience with a home purchase. Everything from beginning to end of the process was very smooth and effortless. Thanks for all of the help!!

    renee morales0 Avatar
    renee morales0
    1/02/2020

    I have used many realtors through the years and Team Nelson was by far the best I've worked with. I had several issues come up during the sale with the inspection and appraisal and Andra handled those with ease. Bill will work with you to come up with creative pricing strategies to help you get the most out of your home and they are extremely responsive to questions and problems. The marketing team also worked hard to make sure my home stayed at the top of the lists on all of the major websites. I recommend Team Nelson with no reservations.

    Teresa Lightner Avatar
    Teresa Lightner
    1/11/2019
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