Cambridge is ranked as the best real estate market in Massachusetts, and Commonwealth cities overall are ranked low in the United States.

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Cambridge has been named the best real estate market in Massachusetts in a new way WalletHub a study comparing US cities.

“Whether you’re joining the real estate business or just looking for a place to call home, it’s important to understand the housing markets you are considering before investing in real estate. The housing market is in a unique situation this year as mortgage rates just slightly above all-time lows at a time when many Americans are struggling financially due to the COVID-19 pandemic, ”wrote WalletHub. “For those with money to spare, buying a home now can be a great opportunity.”

For the study, WalletHub compared 300 cities of different sizes using 18 key metrics of housing market attractiveness and economic strength. The dataset ranges from average house price increases to job growth.

“If you are looking for long-term growth, capital and profit, you need to look beyond material factors such as square footage and style. These factors will certainly drive up the value of real estate. However, from an investor’s point of view, they are less important than historical market trends and the economic health of residents, ”the website says.

While Cambridge ranked first in Massachusetts, it only ranked 78th on the list, ranking 87th in real estate and 124th in affordability and economic performance.

Massachusetts cities ranked from highest to lowest:

  • Cambridge (Rank: 78)
  • Boston (Rank: 154)
  • Quincy (Rank: 155)
  • Lowell (Rank: 164)
  • Worcester (Rank: 227)
  • New Bedford (Rank: 231)
  • Lynn (Rank: 233)
  • Fall River (Rank: 260)
  • Brockton (Rank: 266)
  • Springfield (Rank: 273)

Seeing that the ranking included 300 cities, most of Massachusetts’ boroughs ended up in the bottom half of the list.

Top areas in the list:

  1. Frisco, TX
  2. Austin, TX
  3. Gilbert, Arizona
  4. McKinney, TX
  5. Denton, TX

The survey also has a “Ask the Experts” section that answers the following questions: “What trends will affect the housing market in 2021? Will it crash or explode? “And” What are the five key metrics for assessing the healthiest housing markets? “

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