Phoenix ranked as third-best housing market for first-time buyers

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By Devan Sauer | KTAR

Zillow rated Phoenix among the top cities with best markets for first-time homebuyers.

The real estate website ranked the 35 largest U.S. housing markets across four metrics, including low median home value and strong forecasted home value appreciation.

Phoenix came in at No. 3 on Zillow’s list, right behind No. 2 Las Vegas and No. 1 Tampa.

According to a press release, first-time buyers make up 46 percent of all buyers nationally, and 60 percent of them are millennials.

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