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These are 2021’s best cities for first-time homebuyers – CNBC

Heavy competition for homes has sidelined some first-time buyers, especially in major markets, so here are the best places for home shopping.

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Heavy competition in today’s pricey housing market has sidelined some first-time buyers, especially in major metropolitan areas.
These buyers usually make up about 40% of the market, but now they’re less than a third, according to the National Association of Realtors. The majority are millennials ages 25-34.
There is still hope for homeownership, however. While the pandemic has spurred strong demand for housing, it has also allowed for more flexibility in where people can live, which benefits those…

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