Here’s A List Of The Hottest Real Estate Markets In The U.S. If You’re Looking To Buy Or Sell
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The real estate market has had quite the year. In June, a report showed that the average home was up 13.5% over the previous year.
For those lucky enough to have extra cash or can afford to sell their home and move, buying and selling a home right now is a huge opportunity. The chance to score huge in real estate is better in ten specific cities in the United States.
So what are the hottest real estate markets in the U.S.? WalletHub has the answer.
To determine the best hottest real estate markets in the U.S., WalletHub compared 300 cities of varying sizes across 18 key housing-market attractiveness and economic strength indicators. The data set ranges from median home-price appreciation to job growth.
Explains the website, “If you aim for long-term growth, equity, and profit, you’ll need to look beyond tangible factors like square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents.”
After crunching the data, the finance website figured out their top ten list.
According to WalletHub, these ten cities are the hottest real estate markets in the U.S. for 2021.
1. Frisco, TX
2. Austin, TX
3. Gilbert, AZ
4. McKinney, TX
5. Denton, TX
6. Allen, TX
7. Durham, NC
8. Reno, NV
9. Roseville, CA
10. Nashville, TN
WalletHub also crowned these ten cities the worst places to buy and sell a home in 2021.
291. Bridgeport, CT
292. Waterbury, CT
293. New Orleans, LA
294. Springfield, IL
295. Montgomery, AL
296. St. Louis, MO
297. Miami Beach, FL
298. Baton Rouge, LA
99. Shreveport, LA
300. Hartford, CT
Here are more findings regarding the hottest real estate markets of 2021.
- Daly and San Mateo, California, have the lowest share of seriously underwater mortgages, 0.92 percent, which is 20.7 times lower than in Norfolk, Virginia, the city with the highest at 19.03 percent.
- Centennial, Colorado, has the lowest vacancy rate, 2.10 percent, 17.6 times lower than in Miami Beach, Florida, the city with the highest at 37.00 percent.
- Toledo, Ohio, has the lowest home price as a share of income, 105.73 percent, which is 19.2 times lower than in Santa Barbara, California, the city with the highest at 2,029.46 percent.
To read more from the report, head over to WalletHub, and check out more articles about buying a home, like the best and worst cities for first-time homebuyers and a simple rule to follow to figure out how much to spend on a house.
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