For first-time homebuyers finding a place to put down roots in a desirable location with a low down payment can be tough. But according to a recent post in Business Insider, there are several markets currently trending among first timers. Case in point, Charlotte, North Carolina.
Charlotte has long been a favorite city in the south. And today, it’s one of the 10 best places in the US for first-time homebuyers to invest in real estate. Why? A Zillow-based study reveals the share of listings with a price cut in Charlotte sits around 15.4 percent. The median home value in the Charlotte, North Carolina metro area is $209,800 and the median listing price per square foot is $135. Furthermore, home values in the area have increased by 7.7 percent since June 2018.