03 September . 2020
Austin is one of America’s Best Real Estate Markets
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. (As we recently blogged about, Austin’s population passed the 1 million mark this summer.)
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. Austin was named a top city for homebuyers in reports from WalletHub and SmartAsset. 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 $200,000s to the $500,000s, Rancho Sienna offers a lifestyle with highly regarded Liberty Hill ISD schools, and more than 100 acres of amenities and natural open space, including Sienna House, Wilderness Park, Greenleaf Park and miles of trails.
Explore our new homes.
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