Saving for the down payment, finding the right property and arranging financing can seem like getting a second job, but a successful purchase shouldn’t be the only goal. Just as important is living with a home.
“Successful ownership should be the goal,” says Lawrence Yun, chief economist with the National Association of Realtors.
So what are the best, and worst, cities in America to own a home?
That’s what Bankrate, using a variety of data sources, set out to find in our first such survey of major metropolitan areas.
We wanted to learn where living with a home over the long term is both easier and more beneficial.
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Here, in ascending order, are Bankrate’s rankings of the 10 major U.S. cities, based on metro areas as they’re defined by the U.S. Census Bureau, that provide the best combination of reasonable costs and benefits for homeowners.