Austin Texas News

Austin Among Nation’s Best Real Estate Markets: Report

AUSTIN, TX — As mortgage rates hit record lows but amid a backdrop of the coronavirus, researchers sought to identify the nation’s best real estate markets — with Austin cracking the top ten list.

Researchers at the personal finance website WalletHub released its report on 2020’s Best Real-Estate Markets detailing the nation’s most attractive real-estate markets in the U.S., comparing 300 cities across 24 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth.

Once crunched, the numbers showed Austin in the 7th overall position among the nation’s best real estate markets, and the 3rd ranking among large cities — bested only by Seattle and Nashville. Only one other Texas city made the top ten list, with Fort Worth clinching the slot among large cities. Arlington, Texas, emerged in the 19th position.

Here are some highlights for Austin (1=Best; 150=Average):

  • 42nd – Average Days Until Sale
  • 54th – Job Growth Rate
  • 102nd – Foreclosure Rate
  • 54th – % of Delinquent Mortgage Holders
  • 17th – Population Growth Rate
  • 140th – WalletHub “States with the Best Health Infrastructure for Coronavirus” Score

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