Economic / Finance / Lifestyle / Option / Poll / Reporting / Research / Safety / Self-Help / Statistics / Technology / Uncategorized

10 Strongest U.S. Housing Markets

Zillow Market Health Index, is a new housing gauge that pinpoints the current health of a region's housing market relative to other markets across the nation.

Zillow Market Health Index, is a new housing gauge that pinpoints the current health of a region’s housing market relative to other markets across the nation.

The U.S. is a wonderful country; it’s not without its set of problems like any other country, but wonderful nonetheless. Moreover, analysts continuously debate about whether or not the real estate market is back on track. What you should know is that 10 housing markets definitely are more secure than other ones.

Utilizing Every Resource

How is this possible to know? Zillow Market Health Index, a new housing gauge pinpoints the current health of a region’s housing market relative to other markets across the nation.

The criteria for assessing this data is relatively simple; the index combines 10 measures capturing some very specific things, such as the financial health of homeowners, home value movements and the time homes stay on the market.

What happens next? It then assigns a value for each region ranging from zero to 10. As a matter of fact, if a metro area has a value of eight on the Market Health Index, the metro is healthier than 80 percent of all metro areas that are covered by Zillow in the U.S. Another key piece of information you need to know is as the market continues to change, so does its data. Keep your fingers crossed and see if your market made the list.

City/State:

1. San Jose, Calif.

  • Market Health Index: 9.04
    Share of Homes Sold for Gain: 86 percent
    Mortgages in Negative Equity: 7.6 percent
    Days on Market: 45;

2. San Francisco, Calif.

  • Market Health Index: 8.85
    Share of Homes Sold for Gain: 86 percent
    Mortgages in Negative Equity: 12.4 percent
    Days on Market: 47;

3. Los Angeles, Calif.

  • Market Health Index: 8.64
    Share of Homes Sold for Gain: 86 percent
    Mortgages in Negative Equity: 13.2 percent
    Days on Market: 65;

4. San Diego, Calif.

  • Market Health Index: 8.41
    Share of Homes Sold for Gain: 81 percent
    Mortgages in Negative Equity: 14.7 percent
    Days on Market: 61;

5. Denver, Colo.

  • Market Health Index: 8.1
    Share of Homes Sold for Gain: 86 percent
    Mortgages in Negative Equity: 11.9 percent
    Days on Market: 62;

6. Boston, Mass.

  • Market Health Index: 7.43
    Share of Homes Sold for Gain: 57 percent
    Mortgages in Negative Equity: 12 percent
    Days on Market: 83;

7. Pittsburgh, Pa.

  • Market Health Index: 7.37
    Share of Homes Sold for Gain: 87 percent
    Mortgages in Negative Equity: 12.1 percent
    Days on Market: 103;

8. Portland, Ore.

  • Market Health Index: 6.49
    Share of Homes Sold for Gain: 80 percent
    Mortgages in Negative Equity: 16.9 percent
    Days on Market: 66;

9. New York, N.Y.

  • Market Health Index: 6.01
    Share of Homes Sold for Gain: 79 percent
    Mortgages in Negative Equity: 17.3 percent
    Days on Market: 146;

10. Sacramento, Calif.

  • Market Health Index: 5.99
    Share of Homes Sold for Gain: 79 percent
    Mortgages in Negative Equity: 23.4 percent
    Days on Market: 64.

Source: Zillow Market Health Index

Web Links:

http://www.usatoday.com/story/money/business/2013/12/22/10-healthiest-housing-markets-in-america/4158631/;

http://www.zillow.com/blog/research/2013/12/13/zillow-market-health-index/.

-Kimberly Williams

Advertisements

Leave Comment Below

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s