Austin Real Estate One of 10 Healthiest Housing Markets in the U.S.
Evidence of a nationwide recovery from the Great Recession is evident in the continued improvement of housing markets across the country, according to a recent analysis by financial website Wallethub. In fact, the site goes further to credit the real estate industry for “nursing local economies back to good health.” Because a healthy real estate market appears to be the foundation of local economic well-being, WalletHub compared the real-estate markets in 25 of the largest metropolitan areas to determine the healthiest markets. Not surprisingly, Austin made the top 10 on the list.
WalletHub created the list by assessing each real estate market by 10 key metrics, including data set ranges from the interest rate on a first mortgage to the percentage of households that have received state or local assistance on their first housing loan. Based on their assessment, Austin made the number 6 spot overall on the list of Healthiest Housing Markets. Austin real estate earned top rankings in other areas as well, including lowest percentage of “underwater” mortgages, lowest down payment percentage and lowest percentage of “easy” mortgages.
Data and infographic courtesy of Wallethub.com.