A report released today by WalletHub examines the “Best Real Estate Markets of 2023” in the United States, with North Texas cities dominating the top 10 list. The Dallas suburbs of McKinney and Frisco are ranked No. 1 and No. 2 nationally, with Denton and Allen close behind.
To arrive at this list, the report compared 300 U.S. cities across 17 key indicators of housing market attractiveness and economic strength.
Follow up on top 2 cities McKinney and frisco, denton It ranks fourth on the list, just barely behind Nashville, Tennessee. Allen It ranks sixth on the list, behind Cary, North Carolina, which ranks fifth.
Only one other Texas city made it into the top 20. austinis ranked 8th.
fort worth, planoand richardson also frequently appear on the list, ranking 22nd, 24th, and 28th, respectively.
Market, affordability, and economic factors investigated
WalletHub's research looked at all of the 10 “real estate market” factors examined, from home value projections to median days on market to rent-to-sale price ratios. Ta. Also examined were housing and maintenance affordability, population growth rates, employment growth rates, and other economic data points.
John Byrne, Ph.D., TAA Endowed Professor in the G. Brint Ryan College of Business at the University of North Texas, says in a report that inflation is a key factor influencing the nature of the current seller's market. is quoted as saying. Estate.
“Homes sold at affordable prices are being looked at by investors who like the cash flow and tax deductions of these homes,” Baen said in the report. “Many people pay in cash, the yield is much higher than a CD, you get tax benefits and appreciation, and it also reduces the inventory of housing available to homeowners and residents.”
Baen also notes that “home prices have risen faster than incomes over the past two years.” In fact, most people today cannot qualify to buy the home they live in due to new interest rates and high loan standards. So homeowners don't sit back and sell. Only recent home buyers and renters who find they can't afford to own a home are entering the market, and new home builders are entering the market. ”
Please put it on the list.
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