If you are considering buying a house in 2014, it is a good time for an individual to make a purchase. Investors made their moves in the recent past when home prices were at their lowest point. Now that the prices are creeping back up, investors are backing off and it’s a good time to make your purchase. Forbes magazine has gathered the data to point you in the right directions for considering your home purchase.
Joining Local Market Monitor - a firm which analyzes cities’ economic factors and home prices in some-300 locales – Forbes has come up with a list of the 20 best housing markets in 2014.
Fort-Worth-Arlington, Texas is in the top position with a current actual home price being $168,383. In the area with a population of 2,121,231, the equilibrium home price is $210,296, having a differential of -20 percent, and having a 25 percent growth forecast over 3 years – as predicted by Local Market Monitor. Fort Worth is the nation’s 16th largest city – the fifth largest in Texas – in North Central Texas.
Best United States Cities to Live in 2014
- Fort Worth-Arlington, Texas
- Dallas-Plano-Irving, Texas
- Charlotte-Gastonia-Concord, North Carolina-South Carolina
- Nashville-Davison—Murfreesboro--Franklin, Tennessee
- Houston-Sugar Land-Baytown, Texas
- Atlanta-Sandy Springs-Marietta, Georgia
- Oklahoma City, Oklahoma
- Orlando-Kissimmee, Florida
- Las Vegas-Paradise, Nevada
- Boise City-Nampa, Idaho
- Grand Rapids-Wyoming, Michigan
- Tampa-St. Petersburg-Clearwater, Florida
- Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida
- Salt Lake City, Utah
- Boston, Massachusetts
- Seattle-Bellevue-Everett, Washington
- Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin
- Virginia Beach-Norfolk-Newport News, Virginia-North Carolina
- Phoenix-Mesa-Scottsdale, Arizona
- Louisville/Jefferson County, Kentucky-Indiana
Local Market Monitor culled its figures from the 100 geographical designations which have at least 575,000 people that the United States Census utilizes. Subsequently, four categories were considered: home prices, the local job situation, the area’s economy, and the population.