Markets & Economy

Smaller cities are nation’s ‘healthiest’ for housing

Texas, California and Colorado locales score highest on jobs, property values, home equity

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Takeaways: Submarkets/suburbs of well-performing metros are the healthiest housing markets. A number of Dallas submarkets are performing well. No markets with a population over 300,000 cracked the top 10. A recent analysis of 300 U.S. cities shows that the “healthiest” housing markets are primarily submarkets of Dallas, Denver and San Jose. According to a recent WalletHub report, the Dallas submarkets of Frisco, Allen, McKinney, Plano, Carrollton and Richardson are among the top 10 healthy housing markets. All but one of these markets -- Plano -- has a population below 150,000. Arvada, Colorado; Sunnyvale, California; Cary, North Carolina; and Santa Clara, California, also ranked in the top 10. None of these cities has a population that exceeds 150,000. WalletHub determined “health” of a market based on 14 metrics, which focused on price appreciation, affordability, job growth, time on the market, volume of distressed sales and homes’ equity. So...