"Condos can help prospective homebuyers who perhaps have a smaller budget, but who are really determined to get a foothold in the market and start to accumulate some equity," says Realtor.com senior economic analyst Hannah Jones. "It can be a really great entry point."
"We've crunched the data to find the cities where buyers can get the biggest discounts by purchasing a condo or townhome instead of a traditional single-family home. For cash-stretched, first-time homebuyers, it could be a lifeline."
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