Hot Housing Market
Texas dominates list of healthiest housing markets and Austin comes out on top
It's an encouraging time to buy a home in Austin, according to WalletHub. The Capital City claims the No. 12 spot among 2015's Healthiest Housing Markets. Broken down by city size, Austin also ranks as the large city with the healthiest housing market.
In addition, six of the top 10 spots for 2015's Healthiest Housing Markets are located in North Texas, with Frisco nabbing the No. 1 overall title, followed by Allen at No. 2 and Plano at No. 4. Carrollton claims the No. 6 spot, followed by McKinney and Richardson at Nos. 7 and 9, respectively.
The list was created by comparing 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.
Austin placed on the list because of its high ranking in the affordability and economic environment category. Frisco topped the list because of its high ranking in the highest median home price appreciation and lowest percent of mortgage holders in delinquent categories.
Houston lands at No. 55 on the list, followed by San Antonio (No. 67) and Dallas (No. 99).