U.S. News Reveals Best Places to Live List

U.S. News Reveals Best Places to Live List
U.S. News & World Report
article by Daily Real Estate News | April 11, 2018

Austin, Texas, ranked number one for the second year in a row as the top place to live in the United States, according to new rankings released by U.S. News & World Report. The magazine ranks the 125 largest metros based on affordability, employment prospects, and quality of life each year.

“When deciding on a place to settle down, it’s important to understand that where a person lives can impact their well-being,” says Kim Castro, executive editor at U.S. News. “The top-ranked places are areas where citizens can feel the most fulfilled socially, physically, and financially.”

The top 12 best places to live in 2018 are:

  1. Austin, Texas
  2. Colorado Springs, Colorado
  3. Denver, Colorado
  4. Des Moines, Iowa
  5. Fayetteville, Arkansas
  6. Portland, Oregon
  7. Huntsville, Alabama
  8. Washington, D.C.
  9. Minneapolis, Minnesota
  10. Seattle, Washington
  11. Nashville, Tennessee
  12. Grand Rapids, Michigan

Source: U.S. News & World Report; REALTOR® Magazine Online, Daily Real Estate News 041118

Markets with the Most Rapid Home Sales

Markets with the Most Rapid Home Sales
realtor.com   article by Daily Real Estate News | March 13, 2018

House 1034In some markets, homes are selling at record speeds. Realtor.com®’s research team scoured the listing data to find which markets are seeing the quickest sales, based on the median number of days on the market.

The number of days spent on the market is important for sellers and prospective buyers to know, says realtor.com®’s chief economist Danielle Hale.

“That info can give home buyers an idea of how much competition they face, how limited homes are in the market, and how quickly they need to make a decision if they find a home they like,” says Hale. For sellers, it can give them an idea of how long they may have to move elsewhere.

The median number of days on the market nationwide is dropping due to an imbalance in many places in the low supply of homes compared to high demand from buyers.

Out of the nation’s 300 largest metros, realtor.com®’s research team found that the following places saw the lowest number of days on the market for its homes for sale: (Note: realtor.com® limited its ranking to one metro per state for geographic diversity.)

  1. San Jose, CA.: 28.6 (median days on the market)
  2. Seattle, WA: 34.1
  3. Salt Lake City, UT: 38.2
  4. Denver, CO: 39.2
  5. Nashville, TN: 40.6
  6. Portland, OR: 44.3
  7. Boise, ID: 46
  8. Sioux Falls, SD: 46.8
  9. Omaha, NE: 47.2
  10. Minneapolis, MN: 47.3

Visit realtor.com® to find out where homes are lingering on the market the longest.

Source: “Where Homes Are Flying Off the Market—and Where They’re Lingering Longest,” realtor.com® (March 12, 2018); REALTOR® Magazine Online, Daily Real Estate News 031318

The Housing Hot List for October

The Housing Hot List for October
realtor.com    article by Daily Real Estate News | October 30, 2017

Nashville Union Station HotelListing prices for residential homes remained near record highs in October, according to a preliminary analysis by realtor.com®. The median list price nationwide was $274,000, near the $275,000 record set in June.

One point of relief for “market-fatigued buyers” who’ve faced low inventories for the past few years is that supplies of new listings are up slightly from a year ago, says Danielle Hale, realtor.com®’s chief economist. By the end of October, about 420,000 new listings will have hit the market over the entire month, realtor.com® predicts.

Some housing markets are more lively than others, with California continuing to see some of the most activity. Realtor.com® released its “hottest market” list for October, which is based on how quickly homes are selling and the amount of clicks cities receive on listings at realtor.com®.

The top 20 performing markets in October are:

  1. San Jose, California
  2. Vallejo, California
  3. San Francisco, California
  4. San Diego, California
  5. Boston, Massachusetts
  6. Stockton, California
  7. Sacramento, California
  8. Detroit, Michigan
  9. Denver, Colorado
  10. Modesto, California
  11. Columbus, Ohio
  12. Fresno, California
  13. Dallas, Texas
  14. Nashville, Tennessee
  15. Colorado Springs, Colorado
  16. Midland, Texas
  17. Rochester, New York
  18. Oxnard, California
  19. Santa Cruz, California
  20. Janesville, Wisconsin

Source: “Tight Inventory Drives High Prices, Quick Sales in the Nation’s Hottest Markets,” realtor.com® (Oct. 27, 2017); REALTOR® Magazine Online, Daily Real Estate News 103017


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

10 Cities That Have Changed the Most

10 Cities That Have Changed the Most
Article by Daily Real Estate News | October 23, 2017

Nashville MusicCityCenter
Music City Center, Nashville TN

The city of Austin, Texas, has been named the “most changed” in the country over the last decade, with the most dynamic transformations to its housing market, incomes, crime rates, and economy compared to any other large U.S. metro, according to a new analysis by MagnifyMoney, a subsidiary of LendingTree. In fact, several Texas cities topped the list of most evolved economies and housing markets in the last 10 years.

MagnifyMoney analyzed data from 2006 to 2016 for the 50 largest cities, factoring in commute times, incomes, housing prices, crime rates, and building permits, among other items. “Change isn’t necessarily a good or bad thing,” MagnifyMoney notes in a report on its findings. “Big growth in commute times and rents can be negative, but they can also be a function of positive developments like job and income growth. Similarly, places without as much change could be more attractive to people working their way up the salary ladder or those who are retired and living on fixed incomes, offering more affordable housing and less congestion.”

The following cities topped MagnifyMoney’s list as seeing the most dramatic change over the past 10 years:

  1. Austin, Texas
  2. Dallas-Fort Worth, Texas
  3. Houston, Texas
  4. Nashville, Tennessee
  5. Portland, Oregon
  6. Denver, Colorado
  7. Raleigh, North Carolina
  8. San Antonio, Texas
  9. Charlotte, North Carolina
  10. San Jose, California

Other cities have stayed virtually the same over the past decade, with Birmingham, Ala., being the least changed—falling on the bottom of MagnifyMoney’s list of 50 most changed cities. These metros rounded out the bottom five: Milwaukee (number 49), New Orleans (number 48), Buffalo, N.Y. (number 47), and Indianapolis (number 46).

See if your city ranked at the top or bottom of the “most changed” in the nation.

Source: “This Place Sure Has Changed: Which Cities Have Changed the Most?” MagnifyMoney.com (Oct. 19, 2017); REALTOR® Magazine Online, Daily Real Estate News 102317


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

20 Markets with Strongest Kickoff to 2017

20 Markets with Strongest Kickoff to 2017
realtor.com | January 26, 2017

nashvillesky175x200The time it has taken for homes to sell nationwide in January has decreased at a rate of 4 percent compared to a year ago, despite record-high housing prices, according to realtor.com®’s latest housing report.

“We saw evidence of a stronger-than-normal off season starting last September and October due to pent-up demand and surging interest from first-time buyers,” says realtor.com® chief economist Jonathan Smoke. “The downside to this strong off season is that we have started 2017 with a new low volume of available homes for sale and a new high for prices.”

Listing inventories are down 11 percent in January compared to a year ago. Also, the median list price for the month is an estimated $250,000 — 10 percent higher than January 2015, realtor.com® notes. Nevertheless, “the threat of rates approaching multiyear highs in the months ahead is creating a sense of urgency [among buyers],” Smoke says.

The following are the top-performing markets this month:

  1. San Francisco
  2. San Jose
  3. Vallejo
  4. Dallas
  5. San Diego
  6. Sacramento
  7. Yuba City
  8. Denver
  9. Stockton
  10. Fresno
  11. Oxnard
  12. Columbus
  13. Colorado Springs
  14. Nashville
  15. Detroit
  16. Modesto
  17. Los Angeles
  18. Tampa
  19. Santa Rosa
  20. Fort Wayne

Source: “The 20 Hottest Markets for U.S. Real Estate in January 2017,” realtor.com® (Jan. 26, 2017); REALTOR® Magazine Online, Daily Real Estate News 012617

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

The Surprising Cities Gentrifying the Fastest

The Surprising Cities Gentrifying the Fastest
Article by Daily Real Estate News | January 23, 2017

nashvillemelroseneighborhoodIn the late 1980s, many residents were moving out of Charleston, S.C.,’s Eastside neighborhood due to a lack of job opportunities. The area became depressed. But things are changing there and throughout America, as many cities are undergoing rapid gentrification due to escalating home prices. But modern urban gentrification can get complicated, urban planners say.

“It’s a trade-off,” says David Fiorenza, an urban economics professor at Villanova University. “Whole communities can be displaced. But people [also] can benefit from it, because home values and business values go up … and eventually, there will be more jobs and better schools.”

Realtor.com®’s research team analyzed cities whose populations were 50,000 or more between 2000 and 2015 and examined the U.S. Census Tracts of neighborhoods of 1,200 to 8,000 residents. The team focused on lower-income areas where home values had the potential for gentrification and then compared home values and residents’ income and education levels from 2000 to 2015 to find out which cities are seeing the most significant turnaround.

Realtor.com® noted the following cities are seeing the most gentrification lately:

  1. Charleston, SC
  2. Asheville, NC
  3. Washington, DC
  4. Portland, OR
  5. Denver, CO
  6. Nashville, TN
  7. Sacramento, CA
  8. Jersey City, NJ

Source: “The U.S. Cities That Are Gentrifying the Fastest – You’ll Never Guess No. 1,” realtor.com® (Jan. 23, 2017); REALTOR® Magazine Online, Daily Real Estate News 012317

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

The Hottest Housing Markets in December

The Hottest Housing Markets in December
Article by Daily Real Estate News

parthenonathena-c-112616
Athena at the Parthenon (Nashville)

Demand among home buyers doesn’t seem to be decreasing heading into the winter months. The median list price remained the same from November to December, when usually it decreases.

The current median price reached a record high for December of $250,000, which is 9 percent higher than a year ago, according to realtor.com®’s latest housing report. Further, the median number of days that properties are staying on the market is about 88 days for December, which is five days faster than a year ago.

California cities continue to dominate some of the fastest housing markets, making up 12 of the top 20 markets. San Francisco continued to hold on to the number one spot for the fourth month in a row.

Realtor.com® analyzed markets to determine where homes are selling the fastest and buyers are checking out listings the most (based on realtor.com® views). Here are the 20 markets that topped its list for December:

  1. San Francisco CA
  2. Dallas TX
  3. Vallejo CA
  4. San Jose CA
  5. San Diego CA
  6. Denver CO
  7. Stockton CA
  8. Columbus OH
  9. Sacramento CA
  10. Detroit MI
  11. Yuba City CA
  12. Santa Rosa CA
  13. Fresno CA
  14. Colorado Springs CO
  15. Oxnard CA
  16. Fort Wayne IN
  17. Los Angeles CA
  18. Nashville TN
  19. Midland TX
  20. Modesto CA

Source: “America’s Hottest Markets for Real Estate in December,” realtor.com® (Dec. 22, 2016); REALTOR® Magazine Online, Daily Real Estate News 122216

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