Texas Tops New Real Estate Market Survey

Texas Tops New Real Estate Market Survey

September 5, 2018
Planet Management Group, a servicer of residential and commercial mortgages and real estate assets, has opened a Western regional office in Irving, Texas
Another day, another housing market list. Today, WalletHub offers its choices for the Best Real Estate Markets of 2018, with a top 10 dominated by the Lone Star State.
 
Frisco, Texas, scored first on the new list, which analyzed 300 markets across 22 metrics ranging from median home price appreciation to the local economies. Frisco was among five Texas markets in WalletHub’s top 10, joined by McKinney in second place, Allen in third, Richardson in seventh and Denton in tenth. The only other state with multiple top 10 rankings was Washington, with eighth place Seattle and ninth place Bellevue. At the far end of the spectrum, Detroit ranked 300th and last place.
 
Among the key criteria used in the data analysis, WalletHub found Berkeley, Calif., had the lowest share of homes with negative equity at 1.17 percent, while Detroit had the highest at 38.36 percent. Seattle tied with Sunnyvale, Calif., for the lowest average lowest average number of days until a house is sold, 35, while Miami Beach had the highest at 170 days. Miami Beach also had the highest vacancy rate at 36.66 percent, which was 26.2 times greater than the lowest vacancy rate of 1.40 percent in Allen, Texas. And Akron, Ohio, had the lowest home price as a share of income, 172 percent, while Berkeley had the highest at 1,525 percent.

 
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