With home sales recently falling to their lowest level this year, the personal-finance website WalletHub conducted an in-depth analysis of 2017’s Best Real-Estate Markets.
To determine the most attractive real-estate markets in the U.S., WalletHub’s analysts compared 300 cities across 21 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth.
|Best Real-Estate Markets||Worst Real-Estate Markets|
|1||Frisco, TX||291||New Haven, CT|
|2||McKinney, TX||292||Montgomery, AL|
|3||Allen, TX||293||Waterbury, CT|
|4||Cary, NC||294||Detroit, MI|
|5||Richardson, TX||295||Hartford, CT|
|6||Seattle, WA||296||Bridgeport, CT|
|7||Bellevue, WA||297||Miami Beach, FL|
|8||Carrollton, TX||298||Elizabeth, NJ|
|9||Nashville, TN||299||Paterson, NJ|
|10||Denver, CO||300||Newark, NJ|
Best vs. Worst
- Berkeley, California, has the lowest share of homes with negative equity, 1.51 percent, which is 28.6 times lower than in Hartford, Connecticut, the city with the highest at 43.23 percent.
- Berkeley, Sunnyvale, and San Mateo, California; Mesquite, Texas; and Seattle have the lowest average number of days until a house is sold, 36, which is 5.2 times lower than in Newark, New Jersey, the city with the highest at 186.
- Allen, Texas, has the lowest vacancy rate, 1.91 percent, which is 19.1 times lower than in Miami Beach, Florida, the city with the highest at 36.47 percent.
- Fayetteville, North Carolina, has the lowest home price as a share of income, 124 percent, which is 12.7 times lower than in Santa Barbara, California, the city with the highest at 1,575 percent.
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