By Mike Sunnucks | Rose Law Group Reporter
Gilbert, Peoria and Surprise rank among the top U.S. real estate markets, according to a new analysis by financial research firm WalletHub.
The new research looks at housing market attractiveness as well as economic prospects as U.S. real estate markets see the impacts of higher interest rates as the Federal Reserve increases prime rates to take on 40-year highs with inflation.
Texas markets top WalletHub’s best real estate markets for 2022 with Frisco, Allen, McKinney and Austin topping the list.
Nashville is fifth followed by Cary, N.C., Gilbert, Denton, Texas and Peoria.
Surprise ranks 18th, Chandler 22nd, Tempe 30th, Mesa 36th and Phoenix 39th.
The WalletHub looked at home values and appreciation as well as job gains and building permit activities.
“I expect the housing market to neither crash nor boom. I think home sales will slow and prices will drop to an extent. However, supply shortages will continue to challenge affordability unless we address barriers to new home construction in key areas of the country,” said Eva Steiner
associate professor of real estate at Pennsylvania State University’s Smeal College of Business
Scottsdale ranks 59th and Glendale 65th on the WalletHub list.
Peoria, Illinois; Bridgeport, Connecticut, Shreveport, Louisiana and St. Louis rank at the bottom of the list of 300 U.S. housing markets for their current conditions and prospects.
