Is a New Condo Your Best Bet to Become a Homeowner Now?

Many first-time homebuyers are feeling discouraged. Despite saving over many years, building strong credit and carefully scouring listings in desired neighborhoods, rising home prices and few newly constructed single-family houses mean the starter home is no longer an option.

But the secret to homeownership in the current market may be the type of home you buy – and where you buy it.

When apartment listing site Abodo released a study last month examining millennial homeownership using data from the U.S. Census Bureau, it found millennial homeownership rates are highest in small to midsize metro areas.

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