The housing market is in a unique situation this year as mortgage rates have hit record lows at a time when many Americans are struggling financially due to the COVID-19 pandemic.
But for those who have the extra cash on hand, buying a home right now could be the ideal situation--and Austin is one of the best real estate markets in the nation for buyers.
WalletHub looked at 300 cities across the U.S. to determine their rankings, including factors like median home-price appreciation to home sales turnover rate to job growth.
Austin came in at number 7 overall, and 3rd among large cities.
The survey graded Austin's real estate market health:
- 42nd – Avg. Days Until Sale
- 54th – Job Growth Rate
- 102nd – Foreclosure Rate
- 54th – % of Delinquent Mortgage Holders
- 17th – Population Growth Rate
- 140th – WalletHub's “States with the Best Health Infrastructure for Coronavirus” Score
Boise, Idaho was found to be the best market in the nation, followed by Seattle, Frisco, TX, Nashville and Gilbert, AZ in the top five.
Posted by Grossman & Jones Group on