WRE News August 24, 2023
Buyer
The best real estate markets in the country can be found (clap clap clap clap) deep in the heart of Texas, according to a new data study from WalletHub.
At the foundation of WalletHub’s 2023 Best Real Estate Markets report, 300 cities were evaluated across a 17-metric data set that included home valuation, median home price appreciation, mortgage delinquencies, and foreclosures. Using this criteria, WalletHub crowned McKinney, Texas as the nation’s best real estate and ranked five Lone Star localities among its top 10 markets with Frisco in second place, Denton in fourth place, and Austin in eighth place.
North Carolina had two localities in the top 10 list with Cary in fifth place and Durham in seventh. Nashville was ranked in third place. On the flip side, Baltimore placed 300th and last with three Louisiana cities among the bottom dwellers: New Orleans ranked 299th out of 300, Shreveport ranked 298th and Baton Rouge ranked 297th.
Among the individual criteria, four Florida metros – Miami, Hialeah, Miami Gardens, and Miami Beach – had the lowest share of seriously underwater mortgages 0.71% while St. Louis had the highest at 14.63%. South Gate, California had the lowest vacancy rate at 2.02% and Miami Beach had the highest at 35.24%.
Flint, Michigan, had the lowest home price as a share of income at 108.16% while Santa Monica, California, had the highest at 1,486.77%. Warren, Michigan, has the fewest median days on the market with 28, while Yonkers, New York, had the most at 146.
Stay up to date on the latest real estate trends.
October 30, 2024
Distraction happens to everyone, but lately it can feel impossible to stay focused.
October 30, 2024
The internet offers kids valuable knowledge and fun but also comes with risks like inappropriate content, cyberbullying, and online predators.
October 30, 2024
Read the label on a bottle of beet root capsules, and you might see promises of improved athletic performance, blood pressure, and function of your digestive and immun… Read more
October 30, 2024
With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market.
October 30, 2024
October 29, 2024
Total mortgage origination volume is expected to increase to $2.3 trillion in 2025 from the $1.79 trillion expected in 2024, according to a forecast from the Mortgage … Read more
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today