Lexington, KY ranks 85 of 300 Healthy Real Estate Markets!
What makes certain areas healthy real estate markets? In an article published by Wallethub, economists looked at data from the top 300 Metropolitan areas in the United States. They compared data for real estate and employment and affordability rankings in each of the metros. Economists see that when the job market is holding steady, and unemployment rate is low, the housing market holds steady as well.
“To help prospective home buyers find the most attractive markets, WalletHub compared 300 U.S. cities across 14 key metrics. Our data set ranges from median home-price appreciation to home price as a percentage of income to job growth (WalletHub, 2015).”
That’s a pretty sophisticated study, right? For those familiar with The Bluegrass Region – Forbes and our Chamber of Commerce have designated our region as a great place to start a small business because of the strong economy and low unemployment rate. This still holds true as we see its effect on Lexington showing up in the Top 30% of this list! (See the Methodology of this study and a breakdown of the metrics that WalletHub analyzed [click here])
See the Full List of 300 Healthy Real Estate Markets by heading over to the full article on WalletHub.com – see the link in the source list down below!
Have questions about the market in your particular part of The Bluegrass? Wondering what the median prices and days are market are for your county? Your Neighborhood? Your Street? Get in touch with your Rector Hayden Agent today or contact clientcare@rhr.com to get individual assistance! Rector Hayden can research and present to you the most comprehensive detailed reports of the market in your area – whether you’re interested in all of The Bluegrass or two blocks east of the courthouse! With our leading technology and training, our agents are best prepared to help you in all real estate matters.
Source: WalletHub: 2015’s Healthiest Housing Markets. Richie Bernardo – https://wallethub.com/edu/healthiest-housing-markets/14889/