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.”
Markets with the Most Rapid Home Sales realtor.com article by Daily Real Estate News | March 13, 2018
In 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.)
10 Cities That Have Changed the Most Article by Daily Real Estate News | October 23, 2017
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:
Dallas-Fort Worth, Texas
Raleigh, North Carolina
San Antonio, Texas
Charlotte, North Carolina
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).
The 10 Crowning Markets of the Spring Season Article by Daily Real Estate News | April 18, 2017
Which housing markets are emerging as top performers this spring season? Ten X, an online real estate marketplace vendor, factored in pricing, sales, affordability, permit activity, economic and demographic growth, and forward-looking data such as economic and population forecasts, to come up with a list of housing market champs for this spring.
They are listed below, along with year-over-year changes in seasonally adjusted median prices and sales of existing homes:
Tampa, Florida Home prices: +13.12% Home sales: +7.31%
Dallas, Texas Home prices: +10.64% Home sales: +2.94%
Columbus, Ohio Home prices: +9.60% Home sales: +6.62%
Las Vegas, Nevada Home prices: +9.67% Home sales: +11.37%
Jacksonville, Florida Home prices: +11.86% Home sales: +7.27%
Nashville, Tennessee Home prices: +9.08% Home sales: +10.63%
Raleigh, North Carolina Home prices: +8.56% Home sales: +7.95%
Orlando, Florida Home prices: +7.31% Home sales: 7.95%
Portland, Oregon Home prices: +11.12% Home sales: 9.29%
Salt Lake City, Utah Home prices: +8.62% Home sales: +11.10%
The Surprising Cities Gentrifying the Fastest Article by Daily Real Estate News | January 23, 2017
In 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:
50 Markets Ranked: Where Does Yours Fall? Article by Daily Real Estate News | October 25, 2016
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.
Nashville among 5 Top Housing Markets for Jobs, Sales Growth Article by realtor.com | September 2, 2016
The creation of new jobs spurs household formation and leads to new construction and helps to boost consumer confidence. “When employment is strong and growing, consumers are more confident about their present and future,” writes Jonathan Smoke, realtor.com®’s chief economist in his latest column. “When consumers are more confident, they are more likely to buy a home (or sell an existing home to buy another one).”
As such, realtor.com®’s research team identified five major markets that have seen the most growth in jobs and home sales over the past two years.