Texas is hot. Not only in terms of thermometer, but also in terms of real estate. Three of the top five real estate markets in the United States are now in a state of Lone Star. But if the wide open plains or the Gulf Coast do not appeal to you, do not worry, there are other cities for you. Let's dive in to learn more about the top five real estate rates.
1. Denver. Now that the economy is in place, housing prices and housing demand are rising in the beautiful city of Mile High. However, unlike pre-crisis levels, oil companies do not dominate the employment market in the same way as they do, so the Denver economy is not as volatile as it used to be. In addition, housing areas across the country, which fell the hardest when the recession struck, were the first to recover. Once these areas are balanced, it is time for other markets to grow. Denver increased home sales by 4.6% compared to last year, and housing prices rose by 9.2% over the same period, making it one of the most popular real estate markets.
2. San Antonio. The first entry in Texas relates to a region with a sustainable economy and reasonable housing prices. Housing prices here still rose by 4.3% compared with the 2014 level, while sales in general rose by 5.5%. San Antonio also outpaced the nation in terms of employment growth, posting only 4% unemployment at the beginning of this year thanks to the addition of additional types of business, including oil, so the volatility in the economy was reduced.
3. San Jose. Recently, it was well noted that the entire Bay area was extremely popular in terms of housing. Trades have broken out over the houses, and houses are sold within a few days after entering the market, even with retainers. San Jose, just south of San Francisco, has an average home price of over $ 680,000. High-tech king again, and this brings people to the area. Workers are looking for a place to live, leading experts predict that housing sales this year will increase by 7% during 2014.
4. Dallas. Next on Texas three steps - this is the home of the Cowboys. In the past few years, the price of oil has fluctuated, but Dallas made a bid to stay strong, since the deck was processed. They added jobs at a pace that is ahead of national recovery, and home sales have returned to levels before the crisis. Prices in Dallas increased by 7.3% compared with last year, and the projections are that these economic indicators will remain true for some time.
5. Houston. Houston completes the Texan Trimect, despite the fact that it is the only city on the list that has not diversified employment outside the oil industry. Based on the fact that Texas attracts more people than any other state, home sales are expected to be 5% higher this year than in 2014.
There are several honorable mentions, such as Des Moines and Minneapolis, the latter of which is a great attraction for younger home buyers, but this year these five cities will become trendsetters and help the overall housing market look brighter for some time.
