"Top Cities for First-Time Homebuyers in 2024: A Realtor.com Guide"

Realtor.com released a report detailing the top cities for first-time homebuyers in 2024, with Irondequoit, New York, leading the list due to its affordability and job opportunities. Other cities on the list included Benton, Arkansas, Winterset, Iowa, and Newington, Connecticut. Despite high interest rates and low inventory, a recent survey showed that 95% of prospective first-time homebuyers believe they will be able to afford a home within their lifetime, with 40% expecting to do so within the next year. Additionally, Redfin reported over 775,400 active home listings across the U.S., with a 0.04% increase in the average 30-year fixed mortgage rate to 6.66%.