Buying for the First Time? Look Southeast

Buyers fresh to the market are necessary—often, as a catalyst for other transactions. Currently, first-timers are in limbo, unable to afford or compete against the demand for scarce supply. At the entry level, there were 17.1 percent fewer options for sale at the beginning of this year than at the start of 2017, and first-timers generally have no proceeds from a prior sale to spend.

Buyers do have, however, opportunities for success. According to an analysis recently released by Zillow, first-timers should focus their search on the Southeast, where better conditions exist: affordable and available inventory, and appreciation that is expected to strengthen.

“More and more millennials are reaching the point…