With mortgage rates hitting record lows but consumers struggling financially due to COVID-19, the personal-finance website WalletHub today released its report on 2020’s Best Real-Estate Markets, as well as accompanying videos.
To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 24 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. Boise, ID||291. Newark, NJ|
|2. Seattle, WA||292. Hartford, CT|
|3. Frisco, TX||293. Shreveport, LA|
|4. Nashville, TN||294. Waterbury, CT|
|5. Gilbert, AZ||295. Bridgeport, CT|
|6. Murfreesboro, TN||296. Jackson, MS|
|7. Austin, TX||297. Dayton, OH|
|8. Spokane Valley, WA||298. Albany, NY|
|9. Denton, TX||299. Baltimore, MD|
|10. Renton, WA||300. Miami Beach, FL|
Best vs. Worst
- Berkeley, California, has the lowest share of homes with negative equity, 1.17 percent, which is 32.8 times lower than in Detroit, the city with the highest at 38.36 percent.
- Berkeley, California, has the lowest average number of days until a house is sold, 34, which is 8.1 times lower than in Miami Beach, Florida, the city with the highest at 276.
- South Gate, California, has the lowest vacancy rate, 1.88 percent, which is 19.6 times lower than in Miami Beach, Florida, the city with the highest at 36.91 percent.
- Akron, Ohio, has the lowest home price as a share of income, 190.14 percent, which is 7.8 times lower than in Berkeley, California, the city with the highest at 1,482.00 percent.
To view the full report and your city’s rank, please visit:
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