As the economy continues to improve, experts anticipate first-time homebuyers to enter the housing market in larger numbers. In a submission to the HuffPost Business blog, GOBankingRates shared their findings of the top ten states for individuals to purchase their first home. To develop their list, “GOBankingRates ranked the 10 states with the most growth in the number of first-time home buyers, while maintaining lower levels of foreclosure rates, over the past 10 years.”
Ranking number 8 on the list was Wyoming. GOBankingRates found that not only is real estate more affordable in Wyoming than in other states, Wyoming offers state-level assistance programs to help individuals purchase their first home. Although they considered the number of first-time homebuyers in Wyoming to be average, at 48.5%, the state only has a 0.03% foreclosure rate. Read the full article at http://huff.to/1JS8JgO.