A recent ranking of the best real estate markets in the United States has five North Texas cities in its top 10, a strong showing by D-FW as it further cements its place as a premier metro.
What makes a local real estate market one of the best, you may ask? Well, according to WalletHub, it depends on how one fares across 17 metrics having to do with the market itself and the local economy.
On the real estate front, WalletHub aimed to glean a balanced view of both short-term dynamics and long-term fundamentals for 300 cities. Forward-looking measures, such as Zillow’s Home Value Forecast and building permit activity, capture expectations for growth and development. Meanwhile, indicators like median home-price appreciation, days on market, and foreclosure rate reflect current demand.
As far as local economic conditions go, WalletHub placed a premium on housing affordability and maintenance costs. Things like job and population growth, unemployment, and underemployment were also taken into consideration as signals of the strength and stability of the labor market, which housing demand depends on…