Florida Cities Top List for First-Time Homebuyers While California Struggles
A WalletHub study reveals stark contrasts in housing affordability and quality of life between Florida and California cities.
- Palm Bay, Cape Coral, and Port St. Lucie are the best cities for first-time homebuyers, according to WalletHub.
- Eight out of the ten worst cities for first-time buyers are in California, with Berkeley and Santa Monica at the bottom.
- High home prices and mortgage rates make California cities particularly challenging for new buyers.
- Florida cities offer better affordability, more housing options, and higher quality of life metrics.
- The study used 22 metrics, including affordability, real estate market conditions, and quality of life, to rank 300 U.S. cities.