By admin A national study of the best housing markets has ranked Roseville as one of the top real estate markets in the United States.
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The city outside Sacramento, California, came in No. 12 on the list compiled by WalletHub and released Wednesday, Aug. 19.
WalletHub “compared 300 cities of varying sizes across 17 key indicators of housing-market attractiveness and economic strength” to come up with the list.
Factors studied included median home-price appreciation, median days on market, unemployment, housing affordability and job growth.
“Current home prices are extremely important, but there’s much more that you need to look at when determining the health of a city’s real estate market,” said WalletHub analyst Chip Lupo.
“The best cities may not always be the cheapest, but they offer excellent housing options and long-term stability,” he said.
Here’s what you need to know:
Why is Roseville in the top 15?
While the report didn’t detail all 17 key indicators, it rated Roseville highly for its real estate market, affordability and financial strength.
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The city ranked No. 9 on the list of mid-sized cities studied by WalletHub.
What are the top real estate markets in the US?
The WalletHub study identified Frisco, Texas, as the best real estate market in the nation, followed by McKinney, Texas, Murfreesboro, Durham and Denton.
Rounding out the top 10 are Cary, N.C., Madison, Allen, Texas, Charlotte and Irvine.
New Orleans came in at No. 300 on the list.
How did other California cities fare?
Irvine ranked No. 10 on the national list and Santa Clara ranked No. 29. Elk Grove, south of Sacramento, ranked No. 39.
Sacramento ranked 150th, Modesto 172nd and Fresno 163rd. Merced and San Luis Obispo were not listed among the 300 cities analyzed by WalletHub for the study.
The report also found that San Jose, Santa Clara, Sunnyvale, Santa Ana and Mission Viejo had the lowest shares of seriously underwater mortgages in the nation.
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Lancaster, CA ranked near the bottom at No. 294 for median days on market.