Cities across North Texas dominate the nation’s real estate market, which is new WalletHub Research Reports…
Frisco, Denton, McKinney and Allen all earned spots as one of the top 10 national real estate markets – at positions 1, 4, 5, and 7, respectively – while eight more North Texas suburbs made it to the top one-third in the country. …
WalletHub – a personal finance website – analyzed 18 metrics in its latest study. These include the forecast for home prices, median days on the market, share of young homes, vacancy rates, median credit ratings, housing affordability, and unemployment rates.
The study also looked at previous WalletHub ratings states that recover fastest from COVID-19, in which Texas finished 45th.
“If you are aiming for long-term growth, equity and profitability, you need to go beyond material factors such as square footage and style,” financial columnist Adam McCann wrote in his report. “These factors are definitely driving 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. “
Here is a ranking of cities in North Texas:
No. 1: Frisco
No. 4: McKinney
No. 5: Denton
No. 6: Allen
No. 26: Fort Worth
No. 35: Richardson
No. 43: Carrollton
No. 47: Irving
No. 52: Grand prairie
No. 55: Plano
No. 74: Garland
No. 86: Arlington
No. 123: Mesquite
No. 137: Dallas
Frisco also came in first for affordability and economic development, while McKinney was ranked fourth in the category.
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