First time home buyers

Want to buy an affordable house in the Sacramento area? Better get in line.

As competition drives home prices ever higher in the Bay Area, there is a whiff of good news for first-time homebuyers.

Here's a look at the 12 cities where the combination of prices and local wages offer homebuyers the best bang for the buck this house hunting season.

All hair stylist Erin Bond wants is a decent two-bedroom condo in Orange County, preferably in Huntington Beach.

Sustained increases for home prices in 20 U.S. cities in April indicate the housing industry is juggling stable demand with a shortage of inventory.

It's taken a decade, an oil spill and a national recession, but now could be the time for those who've waited until conditions improved to sell their home or land in South Mississippi.

Demand for single-family homes in the Inland Empire has fueled the strongest building activity in nearly a decade, though experts say the recent spike is nowhere near the intensity and volume of the mid-2000s.

Record prices for new homes amid a sales pickup indicate the supply of houses may be tight at the lower end of the market, pinching first-time buyers.

The housing market is looking a little top-heavy these days.

A pickup in sales of previously owned homes signals the housing market is making progress despite inventory constraints that are sending prices to all-time highs.

The market for existing-home sales underperformed its potential by 3.8% because of the inventory shortage, according to First American Financial Corp.

The young adult homeownership rate should increase by 1.5 percentage points over the next two decades as education attainment among racial and ethnic minorities continues to rise.

More homes went on the market last month than in any since 2008, a sign that the logjam that's characterized the Portland-area market in recent years could be breaking.

The Bay Area's super-costly housing market has made it hard — sometimes impossible — for schoolteachers to put down roots and buy homes near their jobs.

The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership.

North Texas home prices are still on a hot streak.

The number of first-time single-family homebuyers has hit a peak not seen since 2005 and is expected to spur the origination of more mortgages with higher loan-to-value ratios.

During a five-year run of real estate prosperity, some South Florida communities that bore the brunt of the excruciating housing collapse are enjoying the biggest spikes in value, homeowners and brokers say.

The Federal Housing Administration's gateway to homeownership could be widened if the Trump administration takes actions to reduce mortgage insurance premiums and clarify lender penalties under the False Claims Act.

For the first time in a decade, new-owner households created in the first quarter were higher than the creation of renter households.