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Orlando Tops List of Best U.S. Cities for First-Time Buyers in 2016

January 9th, 2016 10:07 AM by Brent Ferry

Top 10 Best U.S. Cities for First-Time Buyers in 2016 Revealed

Orlando Tops List

According to national correspondent lender The Money Source, Orlando tops the list of the top 10 most attractive U.S. cities for first-time homebuyers in 2016.

The list is based on the company's review of over 70,000 loan applications as well as city-specific data like median home prices, unemployment rates and quality of life.

As one of the largest government lenders in the United States, The Money Source is uniquely positioned to identify trends in first-time home-buying. The correspondent lender processes tens of thousands of Federal Housing Administration, Veterans Administration and United States Department of Agriculture loan applications, the vast majority of which are first-time home purchases.

The cities on the list are:

Orlando, Florida - A low unemployment rate, a very affordable median home price and strong job growth landed this city on the list. While much of Florida is dependent on retirees and snowbirds, Orlando is the youngest non-college town in the state, according to Forbes. The presence of large tourism and entertainment companies like Universal and Disney in the city attract millions of visitors each year and strong economic growth.

Read the full report at World Property Journal
Posted in:General
Posted by Brent Ferry on January 9th, 2016 10:07 AM

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