First-time home buyers came out in droves in 2023 and most of them had their eyes on Midwest markets, according to a new report from Zillow.

That's because starter homes there are most affordable to most demographics, Zillow said.

First-time buyers made up an astonishing half of all home buyers last year, according to Zillow's Consumer Housing Trends Report – the highest share in the report's history, dating back to 2018.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.