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Realtor, Tennis Player, Titans & Vols Fan, Nashvillian… Live! Work! Play! in Middle Tennessee

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Rent No More! 10 U.S. Cities With Huge Increases in Homeownership

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Rent No More! 10 U.S. Cities With Huge Increases in Homeownership
Article by Clare Trapasso; realtor.com | November 27, 2017

House 1026It’s time to tune out the chatter, the doom, and certainly the gloom: The American Dream of homeownership is alive and well. Really.

But that doesn’t mean it’s easy to buy a home these days. So what are the stumbling blocks? Stroke-inducing student loan debt. Soaring home and rent prices, and a lack of properties in many markets. And let’s not forget the Great Recession, which set so many would-be buyers back on their heels.

All this has dragged down homeownership rates, which hit 63.9% nationally in the third quarter of the year, according to the U.S. Census Bureau. That’s down about five percentage points from their pre-crash high in 2004.

But wait: There are bright beacons of hope across the nation, places where homeownership is actually on the rise.

The data team at realtor.com® set out to find those metros where homeownership rates are growing the fastest. In the process, we discovered a few trends. Ownership is shooting up the most in Rust Belt cities undergoing a resurgence; in smaller cities close to much bigger and pricier metros, where commuters can snag a home for less; and in fast-growing Southern hubs that are continuing to experience booming job markets.

Bonus: More than half of the metros on our list boast median prices well under the national median of $274,492.

“Affordability is a strong draw to these areas,” says Danielle Hale, chief economist at realtor.com®. A lot of these cities are on the outskirts of big cities where folks can snag an abode for less and then commute downtown for work, she adds.

However, interested buyers had better move fast—all this demand is steadily pushing home prices skyward.

To come up with our findings, the data team analyzed Census data comparing the homeownership rates in the first three-quarters of 2014 to the first three-quarters of 2017. The Census data only included 75 of the largest metros (with some cities moving on or off the list over the years, due to population shifts). Home list price data, from realtor.com, dates from Oct. 1.

So where are the most buyers settling into homes of their very own? Get ready for a few surprises…

1. Milwaukee, WI
Median home price: $224,950
Current homeownership rate: 68.7%
Three-year homeownership change: +11%

2. Charlotte, NC
Median home price: $327,050
Current homeownership rate: 62.8%
Three-year homeownership change: +10.5%

3. Memphis, TN
Median home price: $195,050
Current homeownership rate: 61%
Three-year homeownership change: +9.3%

4. Baltimore, MD
Median home price: $300,040
Current homeownership rate: 68.4%
Three-year homeownership change: +7.3%

5. Allentown, PA
Median home price: $225,050
Current homeownership rate: 74.8%
Three-year homeownership change: +7.3%

6. Pittsburgh
Median home price: $174,950
Current homeownership rate: 74%
Three-year homeownership change: +7.2%

7. Albuquerque, NM
Median home price: $239,950
Current homeownership rate: 66%
Three-year homeownership change: +5.7%

8. Nashville, TN
Median home price: $359,050
Current homeownership rate: 68.8%
Three-year homeownership change: +4.9%

9. Dallas, TX
Median home price: $339,950
Current homeownership rate: 60.7%
Three-year homeownership change: +4.8%

10. Syracuse, NY
Median home price: $149,950
Current homeownership rate: 66.5%
Three-year homeownership change: +4.6%

Read the complete article at realtor.com
Clare Trapasso is the senior news editor of realtor.com and an adjunct journalism professor. She previously wrote for a Financial Times publication and the New York Daily News. Contact her at clare.trapasso@move.com. Follow @claretrap


Kenneth Bargers, REALTOR® License 318311 ♦ Pilkerton Realtors License 257352
(615) 512-9836 cellular ♦ (615) 371-2474 office
kb@bargers-solutions.com emailkb@kennethbargers.realtor email
www.bargers-solutions..com webkennethbargers.com blog
2 Cadillac Drive, Brentwood, Tennessee 37027 address

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50 Markets Ranked: Where Does Yours Fall?

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50 Markets Ranked: Where Does Yours Fall?
Article by Daily Real Estate News | October 25, 2016

NashvilleSkyBridge130x210

Nashville, TN

Who has the hottest single-family housing market this fall? Fort Lauderdale, Fla., according to a new report released by Ten-X, an online real estate marketplace. Ten-X ranked the 50 largest single-family housing markets for fall 2016 based on current and forecasted fundamentals.

Florida markets continue to dominate its list for the second consecutive season.

“Florida’s housing market continues to set the pace for the nation, with five of the top 10 metros on our report,” says Rick Sharga, Ten-X executive vice president. “While all of the top five markets took substantial hits during the housing crash, especially Las Vegas, the continued road to recovery for these destination cities is looking even brighter.”

The five single-family markets topping Ten-X’s list for this fall are: Fort Lauderdale, Fla.; Palm Beach County, Fla.; Tampa, Fla.; Orlando; and Las Vegas.

The rankings factor in pricing, sales, permit activity, and economic growth, population growth.

See how your metro stacked up.

  1. Fort Lauderdale
  2. Palm Beach County
  3. Tampa
  4. Orlando
  5. Las Vegas
  6. Phoenix
  7. Seattle
  8. Nashville
  9. Dallas
  10. Jacksonville
  11. Denver
  12. Portland
  13. Oakland
  14. Atlanta
  15. Columbus
  16. Raleigh
  17. San Francisco
  18. San Jose
  19. Miami
  20. Boston
  21. Austin
  22. San Diego
  23. Charlotte
  24. Salt Lake City
  25. DC
  26. Riverside
  27. Los Angeles
  28. Indianapolis
  29. Sacramento
  30. Minneapolis
  31. Fort Worth
  32. Orange County
  33. San Antonio
  34. Kansas City
  35. Detroit
  36. Pittsburgh
  37. Cincinnati
  38. Milwaukee
  39. Northern Virginia
  40. St. Louis
  41. Suburban Maryland
  42. Houston
  43. Memphis
  44. Philadelphia
  45. Long Island
  46. Northern New Jersey
  47. Chicago
  48. Cleveland
  49. Central New Jersey
  50. Baltimore

Source: Ten-X   Article distribution: REALTOR® Magazine Online, Daily Real Estate News 102516

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

CQ Press Releases Annual List of “Most Dangerous Cities”

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CQ Press’ annual city crime rankings, released on Monday, ranked St. Louis the most dangerous city in the U.S. 

The rankings compare cities using six categories: murder, rape, burglary, robbery, aggravated assault, and motor vehicle theft. The results are used to compile this list of the five most-dangerous cities with populations exceeding 75,000. 

  1. St. Louis, Missouri
  2. Camden, New Jersey
  3. Detroit, Michigan
  4. Flint, Michigan
  5. Oakland, California
  6. Richmond, California
  7. Cleveland, Ohio
  8. Compton, California
  9. Gary, Indiana
  10. Birmingham, Alabama
  11. Baltimore, Maryland
  12. Memphis, Tennessee
  13. New Orleans, Louisiana
  14. Jackson, Mississippi
  15. Little Rock, Arkansas

Source:  WalletPop (11/22/2010); blog distribution by Kenneth Bargers of Bargers Solutions residential real estate located in Nashville, Tennessee.

Cities with the Highest Income Growth Rates, 101310

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National business news site Portfolio.com ranked U.S. cities with the highest income growth. 

The study examined 100 metropolitan areas, analyzing federal income data to compare income growth nationally over the last 25 years. 

Here are the cities with highest income growth over a 25-year period. 

  1. El Paso, Texas
  2. Baton Rouge, La.
  3. Baltimore, Md.
  4. Virginia Beach-Norfolk, Va.
  5. New Orleans, La.
  6. Pittsburgh, Pa.
  7. Oklahoma City, Okla.
  8. Little Rock, Ark.
  9. Jackson, Miss.
  10. Honolulu, Hawaii 

Source: Portfolio.com (10/13/2010)

10 Best Cities for Working Women with Kids

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ForbesWoman calculated the best cities for working females raising children. To pick the 10 best, it factored in crime rates, quality of the schools, availability of good healthcare, employment opportunities with high earning potential, and a budget-friendly cost of living. 

Here are their picks

  1. Minneapolis-St. Paul, Minn.
  2. Washington, D.C.
  3. Boston, Mass.
  4. Pittsburgh, Pa.
  5. Baltimore-Towson, Md.
  6. Denver, Colo.
  7. Hartford, Conn.
  8. New York, New York
  9. Seattle-Tacoma, Wash.
  10. Buffalo-Niagara Falls, N.Y.

Source: ForbesWoman, Meghan Casserly (07/26/2010)

Top 10 Places for New Grads to Live and Work

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Apartments.com and CareerRookie.com, CareerBuilder’s college job search site, have identified the 10 best cities for recent college graduates to both find a job and an affordable apartment. 

The list was compiled by identifying the top U.S. cities with the highest concentration of young adults, the largest inventory of jobs requiring less than one year of experience, and the most apartments affordable on a median new graduate’s salary. 

Here’s the list of selected cities and the cost of renting a one-bedroom apartment. 

1. Atlanta, $723
2. Phoenix, $669
3. Denver, $779
4. Dallas, $740
5. Boston, $1,275
6. Philadelphia, $938
7. New York, $1,366
8. Cincinnati, $613
9. Baltimore, $1,041
10. Los Angeles, $1,319

Source: CareerRookie.com and Apartments.com (05/05/2010)

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