You are using an older browser version. Please use a supported version for the best MSN experience.

The best and worst states for first-time homebuyers

GOBankingRates Logo By Andrew DePietro of GOBankingRates | Slide 1 of 51: Many Americans have delayed purchasing their first home thanks to the fallout from the housing crash that began in 2007. Now, a decade later, home prices and values have recovered in most areas of the United States. First-time homebuyers need to act promptly before they get priced out of the market.To see which states offer the best conditions for prospective new homeowners, GOBankingRates ranked the 50 states, based on three factors:Foreclosure ratesShare of the market represented by first-time homebuyersMedian list price for a homeIn addition to these factors, the study also identified home-loan programs that can help buyers lock down affordable mortgages in each state. Ranked from worst to best, click through to find out where first-time homebuyers could run into trouble, and which states are the best for settling down.

The best and worst states for first-time homebuyers

Many Americans have delayed purchasing their first home thanks to the fallout from the housing crash that began in 2007. Now, a decade later, home prices and values have recovered in most areas of the United States. First-time homebuyers need to act promptly before they get priced out of the market.

To see which states offer the best conditions for prospective new homeowners, GOBankingRates ranked the 50 states, based on three factors:

Foreclosure ratesShare of the market represented by first-time homebuyersMedian list price for a home

In addition to these factors, the study also identified home-loan programs that can help buyers lock down affordable mortgages in each state. Ranked from worst to best, click through to find out where first-time homebuyers could run into trouble, and which states are the best for settling down.

© GOBankingRates

More from GOBankingRates

GOBankingRates
GOBankingRates
image beaconimage beaconimage beacon