Loading...
Strong job markets are typically associated with strong housing markets. NerdWallet, a personal finance Web site, recently culled data from the U.S. Census Bureau and the Council for Community and Economic Research to reveal the fastest growing cities for employment opportunities. NerdWallet ranked cities based on population growth, income, unemployment rate, and cost-of-living.
The following seven job markets topped the list:
1. Austin, Texas
Median income: $31,170
2. Washington, D.C.
Median income: $43,993
3. San Francisco
Median income: $46,777
4. Denver
Median income: $32,051
5. Houston
Median income: $26,849
6. Fort Worth, Texas
Median income: $24,270
7. Dallas
Median income: $27,251
Source: http://realtormag.realtor.org/daily-news/2013/01/29/7-top-markets-for-job-seekers
2013-05-14 14:21:21
Housing prices reevcerod a year ago, measured by the FHFA (Federal Housing Finance Administration), but prices in Case Shiller cities are still falling. The Case Shiller 20 city index is reasonably accurate, but unrepresentative. House prices in these cities are twice the national level. While the Case Shiller index declined 34% since the peak in 2006, prices outside these regions declined only 13%. So in the heartland prices are improving but the Case Shiller cites in California and the Northeast (New York and Boston) are falling. The US housing market in recovery will differ sharply by region which is the way it always does. The recovery is good news unless you own property in cities like Los Angeles.