Which are the best local real estate markets in America?

by Steve Randall31 Aug 2017
A new study has determined the best local real estate markets nationwide by comparing 300 cities across the US.

The analysis by WalletHub considered 21 key indicators of housing market attractiveness and economic strength.

Four of the top five cities are in Texas: Frisco (1), McKinney (2), Allen (3) and Richardson (5). Cary, NC (4) completes the top 5.

In the ranking of cities with the lowest percentage of homes with negative equity California is the dominant state.  Berkeley, San Mateo, Sunnyvale and San Jose take the top 4 spots followed by Arvada, CO.

Conversely, Connecticut dominates for the cities with the highest percentage of homes with negative equity: Bridgeport, Waterbury and Hartford are all in the bottom five along with Paterson, NJ and Detroit, MI.

The cities with the lowest percentage of delinquent mortgage holders are Santa Clara and Santa Monica in California; and Longmont Centennial and Thornton in Colorado.

Those with the highest percentage of delinquent mortgage holders are: Newark, NJ; Rochester, NY;
Yonkers, NY; Springfield, MA; Bridgeport, CT; and Patterson, NJ.

The full report can be seen on the WalletHub site.

 
Source: WalletHub

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