North Texas dominates hottest real estate markets listNorth Texas dominates hottest real estate markets listhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=229902019-08-27T05:00:00Z2019-08-27T16:00:00Z

​​​​WASHINGTON – Five North Texas cities have landed on WalletHub's list of the top ten best places to buy a house in the U.S.

Frisco took the number two spot, ranking first in affordability and economic environment and ninth in real estate market.

Denton, ranking fifth overall, was third in real estate and 41st in affordability. No. 6 McKinney followed closely behind, ranking second in affordability and 26th in real estate.

Carrollton, ranking seventh overall, was sixth in real estate and 21st in affordability.

Allen ranked ninth overall, sixth in affordability, and 13th in real estate. It also had the lowest foreclosure​ rate nationwide, according to the study.

"The relocation of companies to metro Dallas has brought new commercial and housing developments not only for families but also for single young professionals." said Real Estate Center Research Economist Dr. Luis Torres. "Also, the building of new schools and infrastructure increases attractiveness and quality of life."

Ranking 12th and 13th, respectively, Austin and Fort Worth were the top two large cities on the list. 

Richardson also made an appearance on the list, rounding out the top 25. 

"You will continue to see growth going forward at a lower rate since the market cannot maintain those high levels of growth forever," Torres said. "As long as it continues to be an attractive place to live, people will move to North Texas, but that also causes land prices and home price​s to go up, making the area less affordable for some people."

WalletHub evaluated 300 cities based on 23 relevant metrics to determine the rankings.

texaslogo.pngGet more information on Dallas' housing market from the Real Estate Center:
Dallas-Fort Worth-Arlington
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