San Antonio, Fort Worth and Dallas are the three hottest markets for single-family housing according to a new report from Ten-X
San Antonio, Fort Worth and Dallas are the three hottest markets for single-family housing according to a new report from Ten-X.
The real estate marketplace has ranked the 50 largest US metros for their current and forecasted housing fundamentals including buyer demand, home price appreciation, affordability, and economic and demographic growth.
The three Texas markets all showed double-digit price growth while remaining affordable.
Columbus, OH and Tampa, FL join the three Texas markets in the top 5:
"The cities at the top of our list have consistently seen the most favorable market factors," said Ten-X Executive Vice President Rick Sharga.
But he noted that the heat can go out of markets and the hurricanes which hit Texas and Florida earlier this year could impact construction labor and housing inventory in those states.
"Southern California and Northeast markets continue to cool due to soaring prices and low inventory, which keeps homeownership out of reach for many first-time buyers," Sharga added.
While the hottest markets appear to have strong future growth, the nationwide picture remains disparate with weak wage growth and rising mortgage rates adding to tight inventory to challenge affordability.
"The ongoing expansion of the U.S. economy remains the primary driver behind top-performing housing markets, yet the overall housing market is struggling to make significant gains," said Ten-X Chief Economist Peter Muoio. “An uptick in mortgage interest rates, as well as the effects of recent hurricanes, could curb sales in the coming months."
The real estate marketplace has ranked the 50 largest US metros for their current and forecasted housing fundamentals including buyer demand, home price appreciation, affordability, and economic and demographic growth.
The three Texas markets all showed double-digit price growth while remaining affordable.
Columbus, OH and Tampa, FL join the three Texas markets in the top 5:
| Market | Median Home Price |
Home Price Growth, Annual |
Home Sales Growth, Annual |
| San Antonio, TX | $176,630 | 11.2% | 2.6% |
| Fort Worth, TX | $191,549 | 10.8% | 2.5% |
| Dallas, TX | $231,503 | 9.9% | 2.7% |
| Columbus, OH | $199,806 | 9.2% | 1.6% |
| Tampa, FL | $196,318 | 12.1% | 1.8% |
"The cities at the top of our list have consistently seen the most favorable market factors," said Ten-X Executive Vice President Rick Sharga.
But he noted that the heat can go out of markets and the hurricanes which hit Texas and Florida earlier this year could impact construction labor and housing inventory in those states.
"Southern California and Northeast markets continue to cool due to soaring prices and low inventory, which keeps homeownership out of reach for many first-time buyers," Sharga added.
While the hottest markets appear to have strong future growth, the nationwide picture remains disparate with weak wage growth and rising mortgage rates adding to tight inventory to challenge affordability.
"The ongoing expansion of the U.S. economy remains the primary driver behind top-performing housing markets, yet the overall housing market is struggling to make significant gains," said Ten-X Chief Economist Peter Muoio. “An uptick in mortgage interest rates, as well as the effects of recent hurricanes, could curb sales in the coming months."
