Best U.S. real estate markets: DFW dominates new list

DALLAS — It’s no secret the real estate market has been sturdy in North Texas, even when meaning a irritating shopping for course of, from booming costs to bidding wars.

But how sturdy, precisely, is the market? 

WalletHub, which produces research and surveys for an array of financial points, launched its newest “Best Real Estate Markets” rankings this week. And 5 of the highest 11 have been right here in North Texas, together with the highest three in Frisco, Allen and McKinney.

Denton checked in at No. 8, Richardson was No. 10 and Fort Worth ranked eleventh.

Then, there was Carrollton at No. 17, Plano at No. 19, Grand Prairie at twenty third, Irving at twenty seventh and Dallas at thirty third.

WalletHub’s examine – which measured 300 cities with 17 totally different indicators, from median house costs to job progress to “economic attractiveness” – is a fan of North Texas.

The examine was geared toward giving a snapshot for individuals in search of long-term progress and fairness “beyond tangible factors like square footage and style.”

You can see the full list here, and this is a nationwide look:

The different nugget of fine news for potential consumers right here: Among the highest real estate markets, North Texas cities fared fairly properly on the affordability scale.

Frisco, for instance, was No. 1 on “affordability and economic environment,” whereas Austin, which checked in at No. 4 general, was forty sixth within the affordability class.

Nashville, which was fifth general, was 77th on affordability.

The North Texas real estate market cooled barely over the summer time, at the least compared to the sky-high values and demand we noticed in 2021 and early this 12 months.

Realtor Joe Atkins instructed WFAA that some house costs have really decreased, which was unheard for the final 18 months. But costs are nonetheless traditionally excessive, so it stays a vendor’s market.