Digital USA Info

Best US real estate markets in 2022, according to new report

0


Anyone thinking of buying a house — and making a good investment in the process — may want to consider checking out Texas. 

That’s according to a new report from WalletHub, which found the best real estate markets in 2022.

Among the top 10 markets, six are located in the Lone Star State, including the top area: Frisco, Texas.

For its report, WalletHub compared 300 cities based on 17 metrics in two categories: “real estate market” and “affordability and economic environment.”

Aside from the overall ranking, WalletHub also learned how cities ranked within specific metrics. 

IS CURRENT HOUSING MARKET SLOWDOWN SIMILAR TO 2008 CRASH?

For example, WalletHub found that two California cities — San Mateo and Daly City — tied for the real estate market with the lowest share of seriously underwater mortgages, which happens when a mortgage is more than the home’s value. 

for sale sign in front of building

WalletHub published a report on the best real estate markets in the US, based on 17 metrics. A “for sale” sign is displayed in front of a house in Washington, D.C., on March 14, 2022.  (STEFANI REYNOLDS/AFP via Getty Images / Getty Images)

Baton Rouge, Louisiana, and St. Louis, Missouri, were found to have the highest share of seriously underwater mortgages, WalletHub found. 

US HOME PRICE GROWTH COOLED IN JUNE FOR THIRD STRAIGHT MONTH

Berkeley, California, was found to have the lowest percentage of delinquent mortgage holders. 

Frisco Texas

After comparing 300 U.S. cities, WalletHub found that Frisco, Texas, is the best real estate market in 2022. (iStock / iStock)

Meanwhile, five cities — Allentown, Pennsylvania; Joliet, Illinois; Brockton, Massachusetts; Jackson, Mississippi; and Springfield, Massachusetts — tied for the market with the highest percentage of delinquent mortgage holders.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

To see the overall results, here are 2022’s best real estate markets in the U.S., according to WalletHub. 

1. Frisco, Texas

2. Allen, Texas

3. McKinney, Texas

4. Austin, Texas

5. Nashville, Tennessee

CLICK HERE TO READ MORE ON FOX BUSINESS

6. Cary, North Carolina

7. Gilbert, Arizona

8. Denton, Texas

9. Peoria, Arizona

10. Richardson, Texas



Source link

Leave A Reply

Your email address will not be published.