While global buyers are saturating the Texas real estate market, North Texas is busy dominating another list: the most attractive real estate markets in the U.S.
Analysts at personal finance website WalletHub compared 300 cities across 21 key metrics to determine not only tangible assets, such as an area's common square footage and home style, but also historical market trends and the economic health of a city's residents. Those metrics make up two rankings — "real estate market" and "affordability and economic environment" — that look at everything from median home-price appreciation and foreclosure rates to the population growth rate and median credit score. The real estate market rank makes up a whopping 80 percent of the score.
Who's far and away the winner? Frisco places No. 1 in both categories and earns a total score of 83 points out of 100. Hot on its heels are McKinney (No. 2) and Allen (No. 3), with Richardson coming in at No. 5 and Carrollton making a showing at No. 8.
Dallas, meanwhile, hovers at No. 57. Perhaps the biggest shift comes from Austin, which in 2016 basked in the No. 5 ranking and this year doesn't show up until No. 68. Fort Worth is similar, dropping from No. 23 to No. 87.
And where's San Antonio? Near the bottom, at No. 215. Alamo City ranks No. 249 for its real estate market and No. 93 for affordability and economic development. Houston comes in just ahead of San Antonio at No. 206.
You might want to avoid sinking your real-estate dollars into the Northeast, as Connecticut's Hartford and Bridgeport and New Jersey's Elizabeth, Paterson, and Newark all land at the bottom of the list, with Newark ranking dead last in each category.