Nothing like a recession to make homebuyers savvier with their investments. This new level of due diligence encourages guides to the best real estate markets, including WalletHub’s annual analysis of 300 U.S. cities. WalletHub’s market study uses 16 metrics to determine the best current real estate markets, weighing home price appreciation, foreclosure rates, housing affordability and job growth. WalletHub / Best Real Estate Markets 2016 Taking the cake this year was the Lone Star state, which held six of the top 10 best real estate markets for 2016. Curious to see how your city fared? Check out the placement of some of the nation’s biggest metros: At no. 5 on the list of highest-rated real estate markets, Austin boasts one of the lowest unemployment rates in the nation, the report says. Austin’s affordability and economic rank is no. 8 in the nation. However, three Dallas-area towns have better markets, WalletHub says, with Frisco, McKinney and Richardson ...
- Six of the top 10 real estate markets overall are located in Texas.
- San Francisco came in no. 82 overall, largely due to a low affordability score.
- New York City has some of the highest average number of market days and highest percentage of mortgage holders in delinquency.
- Baltimore is the tenth worst market overall.