It's an encouraging time to buy a home in Austin, according to WalletHub.
The Capital City claims the No. 12 spot among 2015's Healthiest Housing
Markets. Broken down by city size, Austin also ranks as the large city
with the healthiest housing market.
In addition, six of the top 10 spots for 2015's Healthiest Housing
Markets are located in North Texas, with Frisco nabbing the No. 1
overall title, followed by Allen at No. 2 and Plano at No. 4. Carrollton
claims the No. 6 spot, followed by McKinney and Richardson at Nos. 7
and 9, respectively.
The list was created by comparing 300 cities on their real estate
markets and their affordability and economic environment, which were
made up of 14 relevant metrics. Some of the metrics included percentage
of houses underwater, how long it takes to sell a house, population
growth and job growth.
Austin placed on the list because of its high ranking in the
affordability and economic environment category. Frisco topped the list
because of its high ranking in the highest median home price
appreciation and lowest percent of mortgage holders in delinquent
categories.
Houston lands at No. 55 on the list, followed by San Antonio (No. 67) and Dallas (No. 99).
Courtesy of CultureMap Austin 2015
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