How does your city rank?
Forbes.com released their list of Top 10 Best Housing Markets based primarily on the stability of each metro area as measured by affordability rankings and foreclosure rates as an indicator of a lack of excess inventory, making the top cities what they call the best opportunities for home shoppers. Lists are a dime a dozen, but Forbes is pretty reliable with their data analysis and take a big picture view of the market.
Here are the top ten best housing markets:
- Pittsburgh, PA
- Louisville, KY
- Houston, TX
- Minneapolis, MN
- Indianapolis, IA
- Memphis, TN
- Columbus, OH
- St. Louis, MO
- Dallas/Ft. Worth, TX
- Austin, TX
Interestingly enough, this top 10 doesn’t have any cities in common with Zillow’s Top 10 Cities for a Bargain list also released this month (which names Naples as the top city).
There are cities for a bargain and cities that are the “best,” but studies show homeowners to currently be pessimistic and confused, so I suppose these lists don’t help, but it’s great fodder for local real estate blogs!
