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The best and worst towns to buy a home

GOBankingRates Logo By Daria Uhlig of GOBankingRates | Slide 1 of 54: Buying your first home shows you’ve achieved a level of financial success and maturity to take on the responsibilities of homeownership. But taking that step is easier in some cities than it is in others.
GOBankingRates looked at a variety of economic data to determine which cities are the best and worst for first-time homebuyers. The rankings include factors like foreclosure rates, share of homebuyers with non-prime credit and the percentage of FHA-insured loans — which over one-third of first-time buyers choose because of low down payment requirements. Keep reading to see the best and worst places for buying a home.

The best and worst towns to buy a home

Buying your first home shows you’ve achieved a level of financial success and maturity to take on the responsibilities of homeownership. But taking that step is easier in some cities than it is in others.

GOBankingRates looked at a variety of economic data to determine which cities are the best and worst for first-time homebuyers. The rankings include factors like foreclosure rates, share of homebuyers with non-prime credit and the percentage of FHA-insured loans — which over one-third of first-time buyers choose because of low down payment requirements. Keep reading to see the best and worst places for buying a home.

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