- If you’re interested in home buying, you should understand the housing market first.
- Home prices have been rising on average throughout the pandemic, even though supply and demand vary significantly nationwide based on location.
- Personal finance website WalletHub studied and ranked the best markets to buy a home in the US, where Boise topped the list, followed by Seattle.
- Visit Business Insider’s homepage for more stories.
Whether you’re looking to invest or to find a new home, understanding the housing market is important before you purchase a property.
And this year has been the right time to buy for many Americans, as interest rates have have hit record lows in recent months as a result of the coronavirus pandemic.
Despite opportunity for some, home prices have been rising throughout the pandemic on average, even though supply and demand varies significantly nationwide based on location.
To determine the best real-estate markets in the country, personal finance website WalletHub compared 300 cities’ housing-market attractiveness and economic strength to determine the best real-estate markets of 2020.
Taking into account 24 key indicators of housing-market attractiveness and economic strength ranging from median home-price appreciation to home sales turnover rate to job growth, these are the five best markets to make the list.