(Standley Lake, Westminster)
Colorado cities' residential real estate showed up strong on a new report that looks the nation's best housing markets.
Seven cities were in the top 25 nationally, with Thornton ranking No. 8, according to WalletHub's "Best Real Estate Market" report released Tuesday.
To compile the report, the Washington, D.C.-based financial analyst site looked at 16 metrics across three categories in 300 U.S. cities, ranging in population from fewer than 150,000 (small cities) to between 151,000 and 300,000 (midsize cities), to 301,000 or more (large cities).
Metrics measured included:
- Real estate market: percentage of homes underwater; average number of days until a house is sold; percentage of homes selling for a gain; median home-price appreciation; home sales turnover rate; rent-to-sale price ratio; foreclosure rate; mortgage delinquency rate; number of bank-held homes; vacancy rate; and building-permit activity.
- Affordability & economic environment: housing affordability (based on price as a percentage of the area's median income); maintenance affordability (based on costs as a percentage of income); population growth rate; job growth rate; and unemployment rate.
- Thornton
- Arvada
- Denver
- Greeley
- Fort Collins
- Aurora
- Westminster
- Longmont
- Colorado Springs
- Centennial
- Lakewood
- Boulder
- Pueblo
Source: Caitlin Hendee, Aug 30 2016, bizjournals.com
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