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Friday, December 4, 2020

Surprise ? Texas cities lead best US real estate markets

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Actually, it is little surprise that Texas has five cities in the Top Ten in the nation. And, not surprising for for those of us who live in the DFW area, all these cities are located nearby. {{more:? continue ?}}?
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The cities include #2 Frisco, #5 Denton, #6 McKinney, #7 Carrollton and #9 Allen. Fort Worth comes in at #13. Richardson is #25, Grand Prairie #37, Irving #39, Arlington #59, Plano #74 and Dallas #112. Elsewhere in Texas, Austin falls in at #12 and Laredo is #32.
When you factor in size, among large cities Austin jumps to #1 followed by Fort Worth in the #2 slot and Arlington comes in at #12.
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The study considered 23 indicators for housing market attractiveness and economic strength including median home price, price appreciation, home sales, turnover rate and job growth.?
One problem according to Wallethub.com while home values are rising, up 5.2% from last year, fewer homes are affordable because mortgage rates are rising. See complete findings at wallethub.com
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How about renters??
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If you want to rent and get the best place for that, you are going to have to travel, say to Scottsdale, AZ or Overland Park, KS or Bismark, ND. In Texas, it would be #9 El Paso, #19 Plano, #33 Austin, and #40 Grand Prairie. See the full list at Best cities for renter.
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First time homebuyer? ?
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For first time homebuyers among large cities, Fort Worth just makes the top 10 list as #10 while El Paso is #17 and Arlington is #27. For mid-size cities there is #5 McKinney, #8 Frisco and #19 Plano. Find out more at Best cities for first time home buyers.
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State with the best/worst property taxes …?
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And from the no surprise category, Texas ranks near the bottom at #45 in the category of states with lowest property taxes. Texas is tied with Vermont. New Jersey owns the title to highest property tax rates in the country followed by Illnois, New Hampshire, Connecticut, Wisconsin, Vermont and Texas.
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To Texas? credit,? it has no property tax on automobiles unlike 27 other states.? Those taxes range from $24 in Louisiana to $1,070 in Rhode Island based on a car value at $24,000.
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