2021 Agent Rankings Now Live!

RealTrends + Tom Ferry announce the 16th annual The Thousand list of America’s top 1,000 real estate sales professionals and teams.

Market Leaders

Ranking the top residential real estate firms in over 160 different metropolitan markets.

Florida Realtors® leaders advocate for affordable housing

It sounds simple: housing trust funds should be used for affordable housing. Florida Realtors wants a constitutional amendment securing this.

Newsletter

The RealTrends BrokerSource and HousingWire OpenHouse newsletters deliver twice weekly information on trends, strategies, analysis, people, and news shaping the real estate industry.

AgentReal EstateTrends

Buyers can live large in smaller metropolitan areas

Big city life isn’t for everyone. With significant savings, hard-working people want to see their money working for them in this wild, wild west of a housing market. The world is still recovering from a pandemic and people have made notable lifestyle changes. Fewer people need to live close to their jobs and don’t miss the congestion of large metropolitan areas. 

Smaller, more rural housing is rising as the trendy place to buy a home, according to the Emerging Housing Markets Index by The Wall Street Journal (WSJ) and Realtor.com

The quarterly index examines areas with strong housing demand and rising prices combined with robust economies, good-paying jobs, and amenities such as shopping, timely commute to work and a tax boost. Smaller markets favored the list.

Six of the top 10 had prices listed under the national median of $385,000 in June. If homebuyers want spacious living at affordable prices, areas like Billings, Montana (No. 1), Waco, Texas (No. 7) and Raleigh, North Carolina (No. 5) are areas to consider for emerging housing markets.

What makes these metros an attractive place to move besides low-median prices? Billings, Montana has a business hub, which is home to oil refineries, medical facilities, and other careers attracting new residents. It also has a small downtown and plenty of outdoorsy activities.

Waco is 90 minutes away from Dallas and Austin is two hours south. It’s home to Baylor University and the city was put on the map by HGTV’s “Fixer Upper.” Homes in Waco are listed at a median of $290,000, compared with $387,000 in Dallas or $523,950 in Austin.

Raleigh has built its reputation as a science, tech, and engineering hub. The metro offers plenty of well-paid jobs and a significantly lower cost of living than California’s pricey San Francisco Bay Area, according to the report.

While prices are below the median price nationwide in many of these markets, that can always change. The report mentioned that it doesn’t rank markets by the current home price but rather by housing demand and other factors. The top 20 markets were affordable with a median listing price of $349,000 versus $361,000 for all 300 metro areas reviewed. The lower prices could mean more room for home prices to appreciate. According to the report, prices in the top 20 areas grew 13.7% year over year (2020-2021) compared with 8.0% on average among all 300 areas evaluated.

Most Popular Articles

eXp Realty almost doubles agent count

eXp World Holdings, Inc., the holding company for eXp Realty announced that it has exceeded 60,000 agents globally. This represents a year-over-year increase of 85% when compared to 32,403 agents in July 2020.

Jul 26, 2021 By

Latest Articles

New England Real Estate Network MLS adds shareholder

As a shareholder, Greater Newburyport Realtors gains inclusion in an MLS accepting listings throughout New England. They have representation in NEREN’s governance and are eligible to be included in various leadership and committee positions. Board members provide leadership to the MLS and its 12,000 plus system users. 

Jul 30, 2021 By