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Report: The Best Real Estate Markets of 2020

WalletHub recently released a rundown of the most-current state of affairs in 2020’s housing market. The data provide a comprehensive guide to help all those looking to jump into the market to make wise and informed decisions, be they real-estate investors or home buyers looking for the house of their dreams, WallerHub reported.

The housing market is ever-changing and high-stakes, and according to the real estate experts, this year is certainly no different. In fact, WalletHub reveals that 2020 has found the housing market in an extremely rare position. This is because mortgage rates have dropped a staggering amount, hitting historical lows. Such low rates are a welcome reprieve for the vast majority of Americans, many of whom are continuing to grapple with the financial strains that the current pandemic have plagued them with.

As for those Americans who are not struggling as much with the financial pinch from the pandemic, and who have some extra money to spend, now seems the perfect time to invest in a home. Of note within the report’s findings was the fact that among this tightening of supply and increase of demand in the housing market today, home prices have been steadily on the rise throughout the pandemic (on average). As for rental rates, those are reported to still range the entire spectrum, especially according to what region of the nation you are in.

Advice for those perusing the market are offered some expert advice by WalletHub. The first tidbit includes the encouragement to look beyond tangible factors like square footage and style and really shoot for long-term growth, equity, and profit, as these are the things that most drive an uptick in property values. This criteria, according to WalletHub, is more relevant to residential home buyers versus investors.

WalletHub further revealed not only what’s happening on the market today, but where home buyers should look to purchase and dwell. WalletHub was able to determine the best local real-estate markets in the country by comparing 300 cities of varying sizes across 24 key indicators of housing-market attractiveness and economic strength.

According to WalletHub’s data, the top five best places to buy a house include Boise, ID; Seattle, WA; Frisco, TX; Nashville, TN; and Gilbert, AZ (respectively).

Details about main findings are charted on WalletHub.com, along with rankings by city size. Finally, as part of the research, experts weighed in on their findings.

About Author: Andy Beth Miller

Andy Beth Miller is an experienced freelance editor and writer. Her main focus is travel writing, and when she is not typing away from her computer at her home in the Hawaiian Islands, she is regularly roaming the world as a digital nomad, and loving every minute of it. She has been published in myriad online and print magazines, is a fan of all things outdoors, and finds life (and all of its business, technological, and cultural facets) fascinating in their constant evolution. She is excited to spectate as the world changes, and have a job that allows her to bring a detailed account of those constant shifts to her readers at home and abroad.
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