The Healthy Austin Market
Austin's housing market is the healthiest among large cities, according to a study from WalletHub.
Austin was ranked No. 1 out of 62 U.S. cities with more than 300,000 residents, the report found.
For the overall
study, analysts compared 300 cities nationwide in several size
categories across 14 metrics, including foreclosure rate, median home
price, vacancy rates, population growth and unemployment rates to
determine their "health." Seven other Texas cities were on the list of large cities analyzed:
- No. 10: Fort Worth
- No. 14: San Antonio
- No. 15: Corpus Christi
- No. 17: Arlington
- No. 24: Dallas
- No. 26: El Paso
- No. 55: Houston
Also in Texas,
Plano and Frisco near Dallas were named the healthiest midsize and small
city markets, respectively. Frisco claimed the No. 1 spot overall, with
Allen, Texas, at No. 2 and Plano at No. 4. Allen also ranked No. 2 on
the small cities list.
Austin's home market is undoubtedly strong. It was recently announced that Austin home sales have hit an all time high. However, a handful of reputable sources on the national level have recently deemed Austin homes to be significantly overvalued.
Courtesy of www.bixjournals.com
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