Best and worst cities for first-time homebuyers

WalletHub asked an ASU real estate expert about the most ideal and least ideal places to buy a house in the U.S. Learn what to look for in a neighborhood, how to know if you're financially ready, the minimum down payment, and more.

WalletHub asked an ASU real estate expert about the most ideal and least ideal places to buy a house in the U.S. Learn what to look for in a neighborhood, how to know if you're financially ready, the minimum down payment, and more.

In this story aired July 6, 2021, on WalletHub:

Higher down payments help create a financial buffer through built-in equity. Do not think of your down payment as spending money. Think of it as storing money — you still have it, but it is not readily available.

– Mark Stapp, executive director of the MRED program and Fred E. Taylor Professor in Real Estate