With mortgage rates hitting record lows but consumers struggling financially due to COVID-19, the personal-finance website WalletHub today released its report on 2020’s Best Real-Estate Markets, as well as accompanying videos.
To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 24 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth.| Best Real-Estate Markets | Worst Real-Estate Markets |
| 1. Boise, ID | 291. Newark, NJ |
| 2. Seattle, WA | 292. Hartford, CT |
| 3. Frisco, TX | 293. Shreveport, LA |
| 4. Nashville, TN | 294. Waterbury, CT |
| 5. Gilbert, AZ | 295. Bridgeport, CT |
| 6. Murfreesboro, TN | 296. Jackson, MS |
| 7. Austin, TX | 297. Dayton, OH |
| 8. Spokane Valley, WA | 298. Albany, NY |
| 9. Denton, TX | 299. Baltimore, MD |
| 10. Renton, WA | 300. Miami Beach, FL |
Best vs. Worst
- Berkeley, California, has the lowest share of homes with negative equity, 1.17 percent, which is 32.8 times lower than in Detroit, the city with the highest at 38.36 percent.
- Berkeley, California, has the lowest average number of days until a house is sold, 34, which is 8.1 times lower than in Miami Beach, Florida, the city with the highest at 276.
- South Gate, California, has the lowest vacancy rate, 1.88 percent, which is 19.6 times lower than in Miami Beach, Florida, the city with the highest at 36.91 percent.
- Akron, Ohio, has the lowest home price as a share of income, 190.14 percent, which is 7.8 times lower than in Berkeley, California, the city with the highest at 1,482.00 percent.
