Glad to see my hometown LOUISVILLE, KY made the cut! I can say from working first hand in this city that our housing market is in fact healthier than most and has been on a positive track throughout 2012 and hopefully 2013!
Welcome to 2013! What are the top 10 Healthiest Housing Markets in the the country heading into the New Year? Texas Rocks again! Leading the list at No. 1 was Houston, TX, and coming in at 4th and 5th were San Antonio and Austin, TX respectively. All those major cities that made this year’s list reflect the nation’s strongest job growth, lowest vacancy rates, and lowest foreclosure inventories. According to a recent article written by John Kolko, Trulia’s Chief economist, the top 10 Healthiest Housing Markets for 2013 are as follows.
- San Francisco
- Bethesda-Rockville-Frederick, Md.
- San Antonio
- Omaha, NE-IA
- Peabody, MA ***
- Fort Worth, TX
- Louisville, KY-IN
***Note that Peabody MA refers to the Essex County metropolitan division, which includes the suburbs north of Boston, with a population of 740,000.
Mr. Kolko goes on to explain why rising prices were not included as a factor in determining these healthy housing markets. “Many of the markets with the largest price gains in 2012 were rebounding from huge price declines during the bust, but they still have weak fundamentals, such as high vacancy rates, large foreclosure inventories, or slow job growth.” Check out the complete article for “2013’s Top 10 Healthiest Housing Markets”.
It’s plain to see why San Antonio made this list, because our lovely city has shown an increase in jobs over the last year since adding some 22,600 jobs by the private sector employers, according to latest information on economic report by the San Antonio Business Journal. San Antonio ranked 19th on the list of 102 metropolitan markets with more than 500,000 residents.
Plus, when it comes to foreclosures, San Antonio still ranks as one of the lowest in the country. According to information released by Foreclosure.org, San Antonio didn’t even make the list of the top metropolitan cities with the most foreclosures. The local foreclosure rate for San Antonio stands at 3.1% making it No. 311 out of 366 metro areas. Read more about the San Antonio Foreclosure Numbers, and see why the Alamo City was ranked in the top 10 for the healthiest housing markets for 2013.
Jerry Newman, REALTOR®
US Army Retired
Keller Williams Realty
San Antonio, Texas
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Sean S. Williams
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