Houston ranks low for first-time home buyers

With July being one of the top months for home sales and nearly 40 percent of 2017’s single-family home purchases made by first-time buyers, the personal-finance website WalletHub took an in-depth look at 2018's best and worst cities for first-time home buyers.

To determine the most favorable housing markets for first-time buyers, WalletHub took the pulse of real estate in 300 cities of varying sizes using 27 key metrics. The data set ranges from housing affordability to real-estate tax rate to property-crime rate.  Here's your bad news. According to the survey, Houston ranks number 269 overall for new home purchases and 55 among large cities.

On the Factor to discuss these rankings is realtor extraordinaire and talk show host Mish Guillory.

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