Many Americans have delayed purchasing their first home thanks to the fallout from the housing crash that began in 2007. Now, over a decade later, home prices and values have recovered in many areas across the country. First-time homebuyers need to act promptly before they get priced out of the market.
To see which states offer the best conditions for prospective new homeowners, GOBankingRates ranked the 50 states based on three factors: the foreclosure rate, the share of the market represented by first-time homebuyers and the median list price for a home. In addition to these factors, the study also identified home loan programs that can help buyers lock down affordable mortgages in each state.
Click through to see the best and worst states for first-time homebuyers, starting with the worst.