Which cities are the best real estate markets and which are the worst? If you are a real estate agent, real estate investor, homeowner, home buyer or considering moving, you will probably know the answer to that question. And lucky for you, we take a good look at the best and worst real estate markets, thanks to WalletHu b .
The site compared 300 cities in two key dimensions, "Real Estate Market" and "Affordable and Economical Environment," and evaluated these dimensions using 23 relevant metrics, including housing pricing, affordable housing, population growth, and a variety of other factors
Finally, the study found that
At the other end of the list was Newark, New Jersey. The city is ranked # 300 in the real estate market and # 299 for its price and economic environment.
The top five cities with the lowest percentage of homes with negative equity come from California, but the top five cities with the highest housing price as a percentage of income also come from California.
Tied ranger At first for the lowest percentage of criminal pensioners were three Colorado cities, two cities in California and one city in Washington. Conversely linked to last place are five cities in New England.
"The healthiest housing markets for families generally mean finding the right balance between financial opportunity and affordable price, as well as a healthy and safe living environment for children with appropriate educational and recreational opportunities. The top five indications are, economic growth, affordable housing, mortgage rates, quality of schools and crime, "said the chair of the finance department at the College of New Jersey, Seung Hee Choi.
To see the full list, check the map below.