03 September . 2020
Austin has the No. 3 Best Real Estate Market among large U.S. cities
Calling today a “golden opportunity” to buy a new home, WalletHub ranks Austin third among large U.S. cities in a study of 2020’s Best Real Estate Markets.
The study compared 300 U.S. cities of varying sizes across 24 key metrics of housing market attractiveness and economic strength.
Austin has the No. 3 Best Real Estate Market among large cities, defined as those with a population of 300,000 or more. Austin ranks No. 7 overall among all 300 cities on the list, which are divided into small, medium and large categories.
Austin scored high in the study’s subranking for Real Estate Market, which looked at indicators including home value forecast, median home price appreciation, share of homes selling for a gain, and share of “young homes” built between 2010 and 2018.
In this subranking, Austin came in No. 4 among all cities, and No. 3 among large cities.
The WalletHub study is one of the latest kudos for Austin. The Urban Land Institute named Austin the No. 1 market in the U.S. for real estate investment in 2020. In 2019, U.S. News & World Report crowned Austin as the No. 1 Best Place to Live in the U.S. for the third year in a row.
“This year, the housing market is in a unique situation as mortgage rates have hit record lows at a time when many Americans are struggling financially due to the COVID-19 pandemic,” writes financial journalist Adam McCann, whose article accompanies the study. “For those who have extra cash, buying a home now could be a golden opportunity.”
With new homes priced from the $400,000s to more than $1 million, Sweetwater offers a lifestyle with highly regarded Lake Travis ISD schools, and more than 750 acres of amenities and natural open space, including the Sweetwater Club, the Overlook Club and miles of trails.
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