Buy, Sell, Repeat
Dallas-Fort Worth 'burbs dominate new list of healthy housing markets
It's an encouraging time to buy a home around here: According to a new study by WalletHub, Dallas-Fort Worth claims six of the top 10 healthiest housing markets for 2015.
Frisco nabbed the No. 1 title, followed by Allen at No. 2 and Plano at No. 4. Carrollton claimed the No. 6 spot, followed by McKinney (7) and Richardson (9) to complete North Texas domination.
To derive its list, WalletHub compared 300 cities on their real estate markets and their affordability and economic environment, which were made up of 14 relevant metrics. Some of the metrics included percentage of houses underwater, how long it takes to sell a house, population growth, and job growth.
Frisco topped the list because of its high median home price appreciation and low percentage of mortgage holders in delinquent categories. We can't help but wonder if the influx of California companies in these DFW suburban hubs has anything to do with their glowing statuses.
Regardless of our speculations, one thing is for sure: According to Nationwide Insurance, we are currently experiencing the healthiest housing market across the nation since 2001, and a housing downtown at this point is unlikely.
Dallas proper landed at No. 99 on the list, while Fort Worth and Arlington took the Nos. 46 and 67 spots, respectively. Austin came in at No. 12 and Houston at No. 55.